🔁Mario Nawfal:
🇮🇹PRADA TO DECIDE ON VERSACE TAKEOVER THIS WEEK AS DEAL NEARS FINAL STAGE
Prada is set to make a decision this week on acquiring Versace, according to sources close to the talks—potentially announcing the deal on April 10.
The move would unite 2 Italian fashion giants, with the price tag for the loss-making Versace now expected to land near €1 billion, far below the €1.8 billion Capri Holdings paid in 2018.
Capri CEO John Idol is headed to Milan for face-to-face negotiations as Prada’s exclusive review period nears its end.
Source: Reuters
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
🇮🇹PRADA TO DECIDE ON VERSACE TAKEOVER THIS WEEK AS DEAL NEARS FINAL STAGE
Prada is set to make a decision this week on acquiring Versace, according to sources close to the talks—potentially announcing the deal on April 10.
The move would unite 2 Italian fashion giants, with the price tag for the loss-making Versace now expected to land near €1 billion, far below the €1.8 billion Capri Holdings paid in 2018.
Capri CEO John Idol is headed to Milan for face-to-face negotiations as Prada’s exclusive review period nears its end.
Source: Reuters
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
13 days ago
