Prada: Prada moving closer to $1.6 billion deal for Versace, Bloomberg News reports
Italian luxury group Prada (1913.F), opens new tab is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings (CPRI.N), opens new tab after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News reported on Sunday.
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Prada is an Italy-based holding company that acquires, owns, and operates fashion brands, including Prada, Miu Miu, Church’s, Car Shoe, Marchesi 1824 and Luna Rossa.
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