MILAN (Reuters) – Italy’s Prada is taking into consideration getting style team Versace from UNITED STATE Capri Holdings, everyday Il Sole 24 ore reported on Friday.
Citi is functioning as advisor to Prada, the record stated, including Capri Holdings had actually mandated Barclay’s to locate possible purchasers.
The Italian monetary everyday included that style teams, along with exclusive equity funds, would certainly likewise have an interest in Versace, however that a worth for the Italian maison was still being talked about. It stated Prada did not talk about the record.
Last month, profession journal Women’s Wear Daily had actually reported that the U.S deluxe corporation, which likewise has Michael Kors and various other style teams, was functioning to locate purchasers for a few of its brand names, consisting of Versace and deluxe shoemaker Jimmy Choo, in order to concentrate on a turn-around prepare for Kors.
In November, Capri uploaded a bigger-than-expected decrease in quarterly income, injured by implementation mistakes throughout brand names and an international stagnation in deluxe products need.
(Reporting by Sara Rossi, modifying by Giulia Segreti and Himani Sarkar)
