- Advertisement -
Prada SpA is working with advisers to evaluate the Versace brand as it weighs a bid for the Italian fashion company owned by Capri Holdings Ltd.
Milan-based Prada, a rare standout amid the luxury sector’s recent downturn, has kicked off a full review of Versace after gaining access to its latest financial and sales figures, people familiar with the matter said. Shares of Capri rose as much as 7.5 percent in premarket trading in New York on Wednesday.
Prada is evaluating a possible bid, said…
