Reported 2 days ago
Prada SpA is assessing the Versace brand as it considers a bid for the Italian fashion house owned by Capri Holdings Ltd. Following a downturn in the luxury sector, Prada, which has experienced recent sales growth, is conducting a full review of Versace's financials. Despite a reported revenue decline for Versace, the potential acquisition could mark a return of the brand to a domestic owner amidst increased global competition in the luxury market.
Source: YAHOO