Prada edges closer to buying Versace

Prada is in advanced talks to acquire Versace from Capri Holdings for around €1.5 billion, potentially combining two iconic Italian luxury fashion brands. The negotiations have been prolonged due to Capri’s initial asking price of €3 billion and interest from other buyers, but a deal could be finalized soon. Prada, Italy’s largest luxury fashion group, is open to acquisitions as it prepares for a generational shift, with the potential purchase of Versace adding a different style to its portfolio alongside brands like Miu Miu and Church’s.

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