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Capri Holdings agrees to sell Versace to Prada

11/04/2025

Capri Holdings has entered into a definitive agreement to sell Versace to Prada Group for $1.375 billion in cash, subject to certain adjustments. The transaction is expected to close in the second half of 2025, pending regulatory approvals and other customary closing conditions. Versace, founded in 1978 by Gianni Versace, was acquired by Capri...

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