HK shares of Italy's Prada climb on possible bid for Versace

Prada SpA

13/01/2025 05:35

** Hong Kong-listed shares of Italy's Prada  1913.HK  climb
3.2% to HK$62.20, on course to snap three consecutive sessions
of decline, if gains hold 
    ** Stock marks biggest intraday pct rise since Jan 2
    ** Prada  1913.F  is among the potential suitors looking at
fashion group Versace, which has been put up for sale by its
parent Capri Holdings  CPRI.N , and has been working with Citi
to evaluate any bid, a person with knowledge of the matter said
on Friday
    ** Capri hired Barclays to look at strategic options
including the sale of its Versace and Jimmy Choo brands, two
people with direct knowledge of the matter told Reuters
    ** Private equity firms and rival luxury groups are seen as 
as possible bidders, says one of the sources 
    ** Hang Seng Consumption Index  .HSCGSI  eases 1% and Hang
Seng Index  .HSI  falls 1.2%

    

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))