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Prada in talks to buy Versace in deal that could reach almost €1.5bn
New York-listed Capri could reportedly agree to sell the brand back into Italian ownership this month
Prada is in talks to buy the Versace fashion brand from the US investor Capri Holdings for a price that could reportedly reach nearly €1.5bn (£1.2bn). Milan-based Prada and the New York-listed Capri could reach a deal for Versace this month, Bloomberg reported, although the talks could still fall apart. Prada has been given access to Versace’s latest financial and sales figures after completing initial due diligence, Bloomberg reported.
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