** Shares of Michael Kors owner Capri Holdings CPRI.N up 9.5% at $24.07 premarket
** Prada 1913.F moving closer to a nearly 1.5 billion euros ($1.6 billion) deal to buy Versace from Capri Holdings, said a Bloomberg News report on Sunday
** Companies could finalize deal in March, report said, citing unnamed sources
** Capri had forecast revenue for this financial year and 2026 below estimates on Feb. 5, after missing Q3 profit estimates by a wide margin, on slowing luxury demand
** CPRI fell 58% in 2024
(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com;))
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