Versace is an awkward fit for most luxury buyers

Prada SpA

10/01/2025 10:48

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are her own.)
    By Yawen Chen
       LONDON, Jan 10 (Reuters Breakingviews) - Michael Kors
owner Capri has put the storied brand on the block. A
potential $3 bln valuation wouldn’t be a financial stretch for
the likes of Prada. Even so, Versace would represent a different
strategic direction to the one the healthier luxury players have
embarked on.
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    CONTEXT NEWS
    Italy’s Prada is among potential suitors examining the
acquisition of fashion group Versace from Capri Holdings,
Italian newspaper Il Sole 24 Ore reported on Jan. 10.
    In November 2024, Coach owner Tapestry abandoned an $8.5
billion deal to buy Michael Kors owner Capri.
    Prada is examining a deal with its adviser Citi, the report
said. Citi has worked with Prada in the past over a dual-listing
project which was put on hold.

 (Editing by Aimee Donnellan and Oliver Taslic)
 ((For previous columns by the author, Reuters customers can
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yawen.chen@thomsonreuters.com))