US EditionPrada to make a decision on Versace deal this week, source says
- Prada is expected to decide on a potential takeover of Versace this week, as stated by a source close to the matter.
- A potential deal announcement is anticipated on Thursday, April 10, reported by Italy's Corriere della Sera.
- Capri Holdings' Chief Executive John Idol is expected to arrive in Milan to discuss the deal, as per Italian daily La Repubblica.
- Versace has recently been operating at a loss, despite being bought by Capri Holdings for ¬1.8 billion in 2018.
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Reuters: Prada to announce Versace takeover this week. How much the famous fashion house sold for
Fashion giant Prada could soon announce a historic move to buy Versace, sources familiar with the matter said, with negotiations with the brand's owner, US-based Capri Holdings, in the final stages and a formal decision could be made public this week.
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Leaning Left3Leaning Right3Center3Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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