Versace Seems a Good Fit in Prada's Portfolio, But Revamp Will Take Time -- Market Talk

Dow Jones

04-10

1448 GMT - Versace fits in Prada's portfolio because it complements its new owner's aesthetics well, Bernstein analyst Luca Solca says. The Italian luxury firm agreed to buy the Versace brand, known for its loud and bold designs, from U.S. group Capri Holdings in a $1.4 billion deal. Versace's loud aesthetics contrast with the more minimalist designs of the Prada brand. "Having said that, dusting off and reinventing the brand will require much time and effort," Solca adds. Capri has been seeking to turn Versace around as the label has struggled with sales declines and operating losses. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

April 10, 2025 10:48 ET (14:48 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The Italian luxury firm agreed to buy the Versace brand, known for its loud and bold designs, from U.S. group Capri Holdings in a $1.4 billion deal. Versace's loud aesthetics contrast with the more minimalist designs of the Prada brand. \"Having said that, dusting off and reinventing the brand will require much time and effort,\" Solca adds. Capri has been seeking to turn Versace around as the label has struggled with sales declines and operating losses. 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The Italian luxury firm agreed to buy the Versace brand, known for its loud and bold designs, from U.S. group Capri Holdings in a $1.4 billion deal. Versace's loud aesthetics contrast with the more minimalist designs of the Prada brand. \"Having said that, dusting off and reinventing the brand will require much time and effort,\" Solca adds. Capri has been seeking to turn Versace around as the label has struggled with sales declines and operating losses. 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The Italian luxury firm agreed to buy the Versace brand, known for its loud and bold designs, from U.S. group Capri Holdings in a $1.4 billion deal. Versace's loud aesthetics contrast with the more minimalist designs of the Prada brand. \"Having said that, dusting off and reinventing the brand will require much time and effort,\" Solca adds. Capri has been seeking to turn Versace around as the label has struggled with sales declines and operating losses. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1602":"香港零售股","CPRI":"Capri Holdings Ltd","BK1227":"服装、服饰与奢侈品","01913":"普拉达","BK1502":"双十一","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","BK1545":"奢侈品股","LU0181495838.USD":"施罗德新兴亚洲A Acc","BK1577":"香港本地消费股","BK4202":"服装、服饰与奢侈品"},"translate_title":"Versace似乎很适合Prada的产品组合，但改造需要时间——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01913":1,"CPRI":0.9},"content_text":"1448 GMT - Versace fits in Prada's portfolio because it complements its new owner's aesthetics well, Bernstein analyst Luca Solca says. The Italian luxury firm agreed to buy the Versace brand, known for its loud and bold designs, from U.S. group Capri Holdings in a $1.4 billion deal. Versace's loud aesthetics contrast with the more minimalist designs of the Prada brand. \"Having said that, dusting off and reinventing the brand will require much time and effort,\" Solca adds. Capri has been seeking to turn Versace around as the label has struggled with sales declines and operating losses. (andrea.figueras@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 10, 2025 10:48 ET (14:48 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}