Prada Group Discusses Versace Acquisition With Carpi Holdings

On Friday morning, the Italian newspaper Il Sole 24 Ore cited market speculation in a report detailing a potential acquisition of Versace by Prada Group.Following the blocked merger of Versace-owner Capri Holdings and Tapestry (owner of Coach and Kate Spade) by a US Federal court, Capri Holdings enlisted Barclays to explore alternative options, according to Il Sole. It was reported that Capri Holdings pitched a potential deal to Prada and its Citi partners regarding the sale of the brand.If the deal were to go through, Versace would be lucky to join Prada's brand family, which has weathered strongly throughout the slowdown in luxury sales....