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Prada SpA (PRP.DU)

5.36

+0.22

+(4.32%)

As of 12:31:21 PM GMT+2. Market Open.

Prada to acquire Versace, CarMax reports mixed Q4 results: Morning Buzz

The major averages were sharply lower near noon, curtailing some of yesterday’s sharp gains after President Donald Trump announced a 90-day pause on some of his “reciprocal” tariffs, despite announcing an increase on the cumulative tariff rate on Chinese imports. Despite the temporary relief from the tariff suspension, market sentiment remains cautious. Looking to commodities, gold prices are up significantly, approaching the $3,200 threshold. Oil prices, meanwhile, have sharply dropped after se

TipRanks 11 days ago

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AAPL

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Prada to buy Versace from Capri Holdings for lowered $1.38B price tag, FT says

Prada (PRDSY) is closing in on the purchase of Versace from owner Capri Holdings (CPRI) in a deal worth about $1.38B as soon as Thursday after negotiating a discount of more than $200M due to the impact of President Donald Trump’s trade war, according to Financial Times’ Arash Massoudi, Silvia Sciorilli Borrelli and Adrienne Klasa. People with direct knowledge of the talks added that the transaction price, which had been expected to be agreed at about $1.6B, was renegotiated downwards in recent

TipRanks 12 days ago

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PRDSY
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CPRI
Prada agrees to buy Versace from Capri in $1.38bn cash deal

Capri expects the sale to strengthen its financial position and accelerate strategic investments focused on Michael Kors.

Retail Insight Network 12 days ago

PRDSY
-0.83%
CPRI
Here's Prada's luxury empire after its planned $1.38 billion Versace acquisition

Versace is set to join Prada Group's luxury conglomerate later this year. It will become Prada Group's third-largest brand by revenue.

Yahoo Finance 12 days ago

CPRI

PPRUF

PPRUY
Prada agrees to buy Italian fashion rival Versace in £1.1bn deal

The Milan-based Italian fashion house said it was acquiring 100% of the brand from the owner of Michael Kors and Jimmy Choo.

PA Media: Money 12 days ago

PRDSY
-0.83%
CPRI
CarMax, Nike, Lululemon, Prada to buy Versace: Market Minute

As part of today's Market Minute, Brad Smith examines the trending stories on Wall Street. CarMax (KMX) stock plunges after the company's fourth quarter results fell short of analyst expectations. Retail stocks like Nike (NKE) and Lululemon (LULU) fall on tariff risks. Prada (1913.HK) is set to buy Versace from Capri Holdings (CPRI) for nearly $1.4 billion. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

Yahoo Finance Video 12 days ago

LULU

NKE

CPRI
Capri Strikes $1.38 Billion Deal to Sell Versace to Italy's Prada

Capri (CPRI) said Thursday that it will sell Versace to Italian luxury company Prada for about $1.38

PREMIUM
MT Newswires 12 days ago

CPRI

PRDSY
-0.83%
US Steel, Prada, Volkswagen: Stocks in 30

US Steel (X) is declining after President Trump opposed Japanese company Nippon Steel (NPSCY) from buying the US steel manufacturer. Meanwhile, Prada (1913.HK) will acquire Versace from Capri Holdings (CPRI) for $1.38 billion. The deal is expected to close in late 2025. Volkswagen (VOW.DE) stock trading in Germany is climbing following Trump's suspension of reciprocal tariffs, even after the company preliminarily reported lower first quarter earnings. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

Yahoo Finance Video 12 days ago

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VLKAF

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Prada tentative deal to acquire Versace from Capri at risk, WSJ reports

Prada (PRDSY) has a tentative deal to acquire Versace from Capri (CPRI) for roughly $1.4B, which could be announced as soon as Thursday morning, but Versace’s namesake family still have yet to sign off on the agreement and talks are “at risk of collapsing at the eleventh hour with financial markets in historic turmoil,” people familiar with the matter told The Wall Street Journal’s Ben Dummett. As of Wednesday morning, “the likelihood of a deal was still 50-50,” The Journal quotes one of its sou

TipRanks 12 days ago

CPRI

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Capri Stock Is Plummeting on $1.38 Billion Sale of Versace to Prada

Capri Holdings is selling the Versace brand for almost half of what it paid for it less than a decade ago.

Barrons.com 12 days ago

CPRI

PRDSY
-0.83%
Prada Buys Versace From Capri for Nearly $1.4B

Fashion conglomerate Capri Holdings has agreed to sell Italian luxury brand Versace to Prada for almost $1.4 billion.

Investopedia 12 days ago

PRDSY
-0.83%
CPRI
Factbox-The biggest luxury deals in recent years

Prada struck a deal to buy smaller rival Versace from Capri Holdings on Thursday in a move to unite two of the biggest names in Italian fashion. The deal has an enterprise value of $1.375 billion, Prada said. Here are ten of the biggest luxury acquisitions by value globally in recent years, in order of size: ESSILORLUXOTTICA MERGER In January 2017, Italian eyewear giant Luxottica merged with French lens maker Essilor in a 46 billion euros ($49 billion) deal, creating the world's largest eyewear group.

Reuters 12 days ago

CHDRY

OR.PA

TPR
Prada brings Versace home to create Italian luxury contender

Prada's deal to buy Versace revives hopes for a 'Made in Italy' luxury champion after many other family-founded brands ended up in French, Swiss or U.S. hands, and comes as many Italian groups are outperforming the struggling sector. The $1.375 billion deal brings one of fashion's best-known Italian labels back under Italian control after it was sold to U.S-listed Capri Holdings, then known as Michael Kors, for $2.15 billion including debt in 2018. Despite Italy accounting for 50% to 55% of global personal luxury goods production, according to consultancy Bain's estimates, the country lacks a group with a scale that matches up to French players such as LVMH and Gucci-owner Kering.

Reuters 12 days ago

PRDSY
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PPRUY
Prada just made the biggest purchase in its history by buying Versace for $1.4 billion, bringing the two Italian luxury labels together

“Versace has huge potential,” said Andrea Guerra, CEO of Prada, upon the deal’s closing.

Fortune 12 days ago

PRDSY
-0.83%
Prada agrees to buy rival fashion house Versace in a deal valued at $1.4 billion

The Prada Group announced a deal Thursday to buy crosstown Milan fashion rival Versace from the U.S. luxury group Capri Holdings under terms that values one of the most recognizable names in Italian fashion at 1.25 billion euros ($1.4 billion). The deal will put Versace, known for sexy silhouettes and bold Greco and Medusa motifs, under the same roof as Prada’s “ugly chic” aesthetic and the youth-driven Miu Miu whose stunning growth in recent years has far outpaced the market. There are no overlaps in terms of creativity, in terms of customer,″ said Lorenzo Bertelli, Prada’s chief marketing officer, who is being groomed to one day take over the business that his parents — Miuccia Prada, the group's creative force and largest shareholder, and Patrizio Bertelli, its chairman and executive director — have turned into a global fashion juggernaut.

Associated Press Finance 13 days ago

PRDSY
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Prada Strikes $1.4 Billion Deal for Versace

Prada said it would acquire Versace from fashion conglomerate Capri Holdings for $1.38 billion, salvaging a deal that was at risk of collapsing because of the market upheaval. The deal was announced Thursday, confirming an earlier report by The Wall Street Journal. President Trump’s escalating trade war had been wreaking havoc across Wall Street and forcing companies to rethink big decisions, with the retail industry being hit particularly hard.

The Wall Street Journal 13 days ago

CPRI

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Prada Group announces purchase of Versace fashion house from its U.S. owner in a deal valued at $1.4 billion

Prada Group announces purchase of Versace fashion house from its U.S. owner in a deal valued at $1.4 billion.

Associated Press Finance 13 days ago

PRDSY
-0.83%
Prada braves tariff uncertainty to clinch $1.4 billion deal for Versace

MILAN (Reuters) -Prada struck a $1.38 billion deal to buy smaller rival Versace from Capri Holdings on Thursday in a move that unites two of the biggest names in Italian fashion and offers the prospect of enhanced revenues. Prada is seeking to expand, having defied a slowdown in luxury demand, while Versace has been operating at a loss in recent quarters. Owning Versace, with its bold, baroque-style prints, will bring new customers to Prada, known for its minimalist style.

Reuters 13 days ago

PRDSY
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CPRI
Prada to buy Versace for $1.4B

The deal frees up owner Capri Holdings to rebuild its Michael Kors and Jimmy Choo brands following a failed merger with Tapestry.

Fashion Dive 13 days ago

PRDSY
-0.83%
CPRI
Prada scores a $200 million discount on imminent Versace deal thanks to tariff uncertainty, report says

After months of speculation, Prada's acquisition of Versace might finally happen—but the tariffs impact the deal's price.

Fortune 13 days ago

PRDSY
-0.83%
CPRI

Performance Overview

Return	PRP.DU	HANG SENG INDEX (^HSI)
YTD	-30.99%	+10.03%
1-Year	-6.85%	+31.16%
3-Year	+52.43%	+6.95%

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Prada SpA (PRP.DU)

Prada to acquire Versace, CarMax reports mixed Q4 results: Morning Buzz

Prada to buy Versace from Capri Holdings for lowered $1.38B price tag, FT says

Prada agrees to buy Versace from Capri in $1.38bn cash deal

Here's Prada's luxury empire after its planned $1.38 billion Versace acquisition

Prada agrees to buy Italian fashion rival Versace in £1.1bn deal

CarMax, Nike, Lululemon, Prada to buy Versace: Market Minute

Capri Strikes $1.38 Billion Deal to Sell Versace to Italy's Prada

US Steel, Prada, Volkswagen: Stocks in 30

Prada tentative deal to acquire Versace from Capri at risk, WSJ reports

Capri Stock Is Plummeting on $1.38 Billion Sale of Versace to Prada

Prada Buys Versace From Capri for Nearly $1.4B

Factbox-The biggest luxury deals in recent years

Prada brings Versace home to create Italian luxury contender

Prada just made the biggest purchase in its history by buying Versace for $1.4 billion, bringing the two Italian luxury labels together

Prada agrees to buy rival fashion house Versace in a deal valued at $1.4 billion

Prada Strikes $1.4 Billion Deal for Versace

Prada Group announces purchase of Versace fashion house from its U.S. owner in a deal valued at $1.4 billion

Prada braves tariff uncertainty to clinch $1.4 billion deal for Versace

Prada to buy Versace for $1.4B

Prada scores a $200 million discount on imminent Versace deal thanks to tariff uncertainty, report says

Performance Overview