Published by Global Banking & Finance Review®
Posted on January 10, 2025
1 min readLast updated: January 27, 2026
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Prada is exploring the purchase of Versace from Capri Holdings, with Citi as its adviser. Other fashion groups and funds are also interested in the deal.
MILAN (Reuters) - Italy's Prada is considering buying fashion group Versace from U.S. Capri Holdings, daily Il Sole 24 ore reported on Friday.
Citi is acting as adviser to Prada, the report said, adding Capri Holdings had mandated Barclay's to find potential buyers.
The Italian financial daily added that other fashion groups, as well as private equity funds, would also be interested in Versace, but that a value for the Italian maison was still being discussed. It said Prada did not comment on the report.
Last month, trade journal Women's Wear Daily had reported that the U.S luxury conglomerate, which also owns Michael Kors and other fashion groups, was working to find buyers for some of its brands, including Versace and luxury shoemaker Jimmy Choo, in order to focus on a turnaround plan for Kors.
In November, Capri posted a bigger-than-expected drop in quarterly revenue, hurt by execution missteps across brands and a global slowdown in luxury goods demand.
(Reporting by Sara Rossi, editing by Giulia Segreti and Himani Sarkar)
Citi is acting as adviser to Prada regarding the potential acquisition of Versace.
The value for the Italian maison Versace is still being discussed, with interest from other fashion groups and private equity funds.
Capri Holdings is seeking buyers for some of its brands due to a bigger-than-expected drop in quarterly revenue, impacted by execution missteps and a global slowdown in luxury goods demand.
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