Deals
Prada Moves Closer to Versace Deal for Up to €1.5 Billion
- Italian luxury clothier could finalize deal this month
- Capri Holdings bought Versace in 2018 for about €1.8 billion
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Prada SpA is moving closer to a deal to buy Versace from Capri Holdings Ltd. after agreeing to a price of nearly €1.5 billion ($1.6 billion), according to people familiar with the matter.
Milan-based Prada and Capri could finalize a deal for the Italian luxury clothier this month, said the people, asking not to be identified because discussions are private. Talks are progressing after initial due diligence didn’t find any risks, the people said.