Prada announced on Thursday that it entered into a definitive agreement to acquire Versace for $1.38 billion from global fashion luxury group Capri Holdings. The transaction is expected to be finalized in the second half of 2025.Both parties made statements confirming the earlier reports made by...
Prada's plan to acquire Versace from Capri Holdings is at risk of collapsing, The Wall Street Journal reported on Wednesday, citing people familiar with the matter.The deal, valued at $1.4 billion, could be announced at any moment, with expectations that it might occur on Thursday. However, the...
Tapestry TPR and Versace and Michael Kors owner Capri Holdings announced on Thursday the "mutual termination" of their $8.5 billion planned merger citing regulatory hurdles."The merger agreement was in the best interests of both companies as the required closing condition of receiving necessary...
United States District Judge Jennifer Rochon halted Coach owner Tapestry's pending $8.5 billion acquisition deal to purchase Versace and Michael Kors owner Capri Holdings, CNBC reported on Thursday.Rochon approved the Federal Trade Commission's request for a preliminary injunction to stop the...
American luxury fashion holding company behind Coach, Kate Spade, and Stuart Weitzman, Tapestry Inc. sealed a $8.5 billion aquisition deal with Capri Holdings Limited on Thursday, the parent company of Versace, Jimmy Choo, and Michael Kors.
The acquisition, under which Capri stockholders will...
New York City-based fashion company Michael Kors Holdings Ltd. announced on Tuesday that it will acquire the renowned Italian fashion firm Gianni Versace S.p.A. (Versace) for $2.1 billion. After the purchase is finalized, Michael Kors Holdings Ltd. will change its name to Capri Holdings Ltd.
Current...
Italian media reported on Monday that Milan-based fashion company Gianni Versace S.p.A. (Versace) is getting sold to what is most likely a United States-based firm, with a meeting on the matter scheduled for Tuesday. Some sources said the deal could be announced "within hours."
Companies...
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