The rumor that the Italian Prada Group is about to take over the Versace fashion label is persistent.
Both the Bloomberg news agency and the social media account “Boring Not Com” reported on the possible acquisition on Wednesday. While there was talk of the fact that the deal was almost complete, Bloomberg confirmed that Prada was working on a possible takeover of Versace with consultants: inside. The Italian fashion group, whose portfolio also includes Prada Miu Miu and the Church’s shoe brand, has not yet been expressed as speculation.
The future of Capri Holdings, whose brands of Versace, Jimmy Choo and Michael Kors belong, was questioned at the beginning of this year after the planned 8.5 billion-US dollar fusion with tapestry by a plot law law on the US trade supervisory authority ( Ftc) was blocked. As a result of the decision, the shares of Capri recorded significant price losses, whereupon the merger was finally dissolved.
On Tuesday, Capri Holdings Limited organized his investor Day 2025 in New York. As part of the event, the company presented its long -term financial goals. “We are confident about the long -term growth potential of Versace, Jimmy Choo and Michael Kors – thanks to the consistent implementation of our strategic initiatives. Our strong brands have a sustainable value and a proven resistance. This encourages our confidence in their ability to generate long-term sales and profit growth, ”emphasized John D. Idol, Chairman and CEO of the company.
Furthermore, the communication states that the actual financial results could differ significantly from the current forecasts – due to external factors that were not taken into account in the predictions. This includes changes in the global macroeconomic framework, a stronger than expected increasing inflation pressure, a possible loss of trust in the case of consumers: inside and considerable exchange rate fluctuations.
Prada also announced on Tuesday that a meeting of the Board of Directors will take place on March 4. Among other things, the annual results of the company and its subsidiaries for the financial year completed on December 31, 2024 are to be approved.
This article previously appeared on fashionunited.it and was used with digital tools translated.
Fashionunited uses artificial intelligence to accelerate the translation of articles and improve the end result. They help us make the international reporting of fashionunited a German -speaking readership quickly and comprehensively accessible. Articles that have been translated using AI-based tools are read and carefully edited by our editor: Correcting inside before they are published. If you have any questions or comments, please contact me by email to [email protected]