Prada Evaluates Versace for Potential Bid, Bloomberg Says, Citing Sources

Dow Jones

02-19

--Italian luxury fashion group Prada is working with advisers to evaluate Versace as it weighs a bid for the Italian brand owned by Capri Holdings, Bloomberg reports, citing people familiar with the matter.

--Prada, which is listed in Hong Kong, started a full review of Versace after gaining access to its latest financial and sales figures, according to Bloomberg's sources.

--Those familiar with the matter said there is no guarantee that the review will result in a formal offer, Bloomberg reports.

--Prada declined Bloomberg's request for a comment, while Capri Holdings did not immediately reply to a request for a comment.

Full story: https://bit.ly/4i6NKZR

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

February 19, 2025 09:41 ET (14:41 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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