Prada's Acquisition of Versace Makes Sense -- Market Talk

Dow Jones

Apr 10

1316 GMT - Prada's acquisition of Versace makes sense even though the deal could be an initial drag on the group's profitability, given the investments needed to reboot the brand, Morningstar analyst Jelena Sokolova says. The Italian luxury fashion group agreed to acquire the Versace brand from U.S. group Capri Holdings for $1.4 billion. Prada's profitability and cash position have been strengthened in recent years, helped by strong brand momentum, the analyst says. Versace has been struggling with revenue declines and reported operating losses for the past three quarters. "Prada has definitely track record and expertise in running luxury brands that current owner Capri probably lacks," the analyst says. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

April 10, 2025 09:16 ET (13:16 GMT)

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The Italian luxury fashion group agreed to acquire the Versace brand from U.S. group Capri Holdings for $1.4 billion. Prada's profitability and cash position have been strengthened in recent years, helped by strong brand momentum, the analyst says. Versace has been struggling with revenue declines and reported operating losses for the past three quarters. \"Prada has definitely track record and expertise in running luxury brands that current owner Capri probably lacks,\" the analyst says. (andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 10, 2025 09:16 ET (13:16 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prada's Acquisition of Versace Makes Sense -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrada's Acquisition of Versace Makes Sense -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-10 21:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1316 GMT - Prada's acquisition of Versace makes sense even though the deal could be an initial drag on the group's profitability, given the investments needed to reboot the brand, Morningstar analyst Jelena Sokolova says. The Italian luxury fashion group agreed to acquire the Versace brand from U.S. group Capri Holdings for $1.4 billion. Prada's profitability and cash position have been strengthened in recent years, helped by strong brand momentum, the analyst says. Versace has been struggling with revenue declines and reported operating losses for the past three quarters. \"Prada has definitely track record and expertise in running luxury brands that current owner Capri probably lacks,\" the analyst says. (andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 10, 2025 09:16 ET (13:16 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0326950275.SGD","symbol_name":"Schroder ISF China Opportunities A Acc SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2526564058","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526564058","pubTimestamp":1744290960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1316 GMT - Prada's acquisition of Versace makes sense even though the deal could be an initial drag on the group's profitability, given the investments needed to reboot the brand, Morningstar analyst Jelena Sokolova says. The Italian luxury fashion group agreed to acquire the Versace brand from U.S. group Capri Holdings for $1.4 billion. Prada's profitability and cash position have been strengthened in recent years, helped by strong brand momentum, the analyst says. Versace has been struggling with revenue declines and reported operating losses for the past three quarters. \"Prada has definitely track record and expertise in running luxury brands that current owner Capri probably lacks,\" the analyst says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","BK1577":"香港本地消费股","LU0181495838.USD":"施罗德新兴亚洲A Acc","CPRI":"Capri Holdings Ltd","01913":"普拉达","BK4202":"服装、服饰与奢侈品","BK1545":"奢侈品股","BK1502":"双十一","BK1227":"服装、服饰与奢侈品","BK1602":"香港零售股"},"translate_title":"普拉达收购范思哲有道理——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPRI":0.9,"01913":1},"content_text":"1316 GMT - Prada's acquisition of Versace makes sense even though the deal could be an initial drag on the group's profitability, given the investments needed to reboot the brand, Morningstar analyst Jelena Sokolova says. The Italian luxury fashion group agreed to acquire the Versace brand from U.S. group Capri Holdings for $1.4 billion. Prada's profitability and cash position have been strengthened in recent years, helped by strong brand momentum, the analyst says. Versace has been struggling with revenue declines and reported operating losses for the past three quarters. \"Prada has definitely track record and expertise in running luxury brands that current owner Capri probably lacks,\" the analyst says. (andrea.figueras@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 10, 2025 09:16 ET (13:16 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"merge","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}