Market Chatter: Prada Comes Close to Purchasing Versace for 1.5 Billion Euros

MT Newswires Live

Mar 03, 2025

Prada (HKG:1913) is inching closer to a purchase of Versace from Capri for up to 1.5 billion euros, Bloomberg News reported Monday, citing people familiar with the matter.

The Hong Kong-listed and Milan-based luxury fashion house is looking to finalize the deal in March as discussions are progressing and risks haven't been found after due diligence, the report said.

The timing and valuation are also subject to change and negotiations could still fall apart, according to Bloomberg.

Prada's shares closed 3% higher during Monday's trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0326950275.SGD","symbol_name":"Schroder ISF China Opportunities A Acc SGD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2516813016","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516813016","pubTimestamp":1740999016,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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