Capri's (CPRI) tentative deal with Prada for the sale of Versace for about $1.40 billion is at risk of falling apart, the Wall Street Journal reported Wednesday, citing sources with knowledge of the matter.
Capri, Prada and Versace did not immediately respond to requests for a comment from MT Newswires.
Shares of Capri were up about 7.2% in recent 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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