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HomeLifestyle NewsGoldman Sachs to Lead €2.5 Billion Financing for Prada-Versace Deal

Goldman Sachs to Lead €2.5 Billion Financing for Prada-Versace Deal

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A pool of banks led by Goldman Sachs is ready to give Prada a €2.5 billion ($2.77 billion) financing line to help the Italian fashion group in its acquisition of Capri Holdings-owned Versace, Italian daily MF reported on Friday.

Some €1.5 billion would be used for the acquisition, while the remaining €1 billion would be used to relaunch the struggling takeover target, the report added.

Goldman Sachs was not immediately available for comment.

By Alvise Armellini and Elisa Anzolin; Editor:…

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