In a press release, the company stated that the sale allows Capri "to make accelerated strategic investments in Michael Kors." Prada’s acquisition of the Medusa-emblazoned fashion house marks the ...

The price Prada has agreed to pay is a big discount to the roughly $2.15 billion including debt that US-based Capri, then known as Michael Kors, paid for Versace in 2018 when it was sold by the ...

Capri sells Versace to Prada for $1.375 billion. Analyst cuts price target, sees limited Michael Kors upside. Today's manic market swings are creating the perfect setup for Matt’s next ...

Prada acquired the 47-year-old fashion powerhouse from Capri Holdings, the New York-based firm formerly known as Michael Kors Holdings. Capri Holdings bought Versace for $2.15 billion in 2018 ...

The price Prada has agreed to pay is a big discount to the roughly $2.15 billion including debt that US based Capri, then known as Michael Kors, paid for Versace in 2018 when it was sold by the ...

Back in 2018, when Versace was bought by Capri (formerly Michael Kors) from the Versace family and Blackstone, Capri splashed out $2.2 billion including debt. The merger is a rather interesting move ...

Capri spent $3.4 billion to purchase Jimmy Choo and Versace to boost its status as a luxury house and reduce its dependence on Michael Kors. Unfortunately, Capri has struggled to generate ...

Versace, founded in 1978 by the late Gianni Versace, has been owned since 2018 by Capri Holdings, which includes Michael Kors and Jimmy Choo. Capri Holdings paid $2 billion for Versace ...

The Italian fashion house was purchased for €1.25 bn from Capri, which is restructuring after a failed merger with Tapestry.

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