The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Yawen Chen
LONDON, Jan 10 (Reuters Breakingviews) - Michael Kors owner Capri has put the storied brand on the block. A potential $3 bln valuation wouldn’t be a financial stretch for the likes of Prada. Even so, Versace would represent a different strategic direction to the one the healthier luxury players have embarked on.
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CONTEXT NEWS
Italy’s Prada is among potential suitors examining the acquisition of fashion group Versace from Capri Holdings, Italian newspaper Il Sole 24 Ore reported on Jan. 10.
In November 2024, Coach owner Tapestry abandoned an $8.5 billion deal to buy Michael Kors owner Capri.
Prada is examining a deal with its adviser Citi, the report said. Citi has worked with Prada in the past over a dual-listing project which was put on hold.
(Editing by Aimee Donnellan and Oliver Taslic)
((For previous columns by the author, Reuters customers can click on CHEN/yawen.chen@thomsonreuters.com))
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