The deal of Prada moving towards acquiring Versace comes to be at a value of up to €1.5 billion.
Prada is closing in on a deal to acquire Versace from the American group Capri Holdings, according to anonymous sources talking with Bloomberg. The deal would most likely be finalized between the two Milan-based firms some time this month. The sources requested anonymity because the discussions are private. The talks moved ahead after initial due diligence revealed no serious risks, according to the individuals.However, said sources, the timing and price of the deal could change, and talks could still fail. Capri, which bought Versace in 2018 for around €1.8 billion, did not reply right away to requests for comments. Prada, on its part, refused to comment on the subject.The possible acquisition of the fashion house founded by late designer Gianni Versace in 1978 will allow Prada t...