According to a media report, the Italian fashion group Prada is based on a purchase price shortly before the acquisition of billion dollars from its domestic competitor Versace. It is already speculated with a degree in March.
As the Bloomberg news agency reports, a price of almost 1.5 billion euros has been agreed. The conversations between the two companies have to progress after a first extensive audit has not shown any risks. Nevertheless, the time and value of the company can still change and the conversations can still fail.
No official statements
The parent company Capri Holdings, which also includes the luxury brands Michael Kors and Jimmy Choo, had put Versace in the shop window. Prada rejected a statement, Capri did not immediately respond to a request for comments.
Different options are checked
After the American fashion group Tapestry had withdrawn its offer in November to swallow Capri for around $ 8.5 billion, Capri Bank Barclays instructed to investigate strategic options. This also includes the sale of the Versace and Jimmy Choo brands, the Reuters press agency learned from two people who are familiar with the issue.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
