Prada Works With Advisers to Evaluate Possible Versace Bid
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Prada SpA is working with advisers to evaluate the Versace brand as it weighs a bid for the Italian fashion company owned by Capri Holdings Ltd.
Milan-based Prada, a rare standout amid the luxury sector’s recent downturn, has kicked off a full review of Versace after gaining access to its latest financial and sales figures, people familiar with the matter said. Shares of Capri rose as much as 7.5% in premarket trading in New York on Wednesday.