Capri holdings enters into definitive agreement to sell versace to prada s.p.a.

London--(business wire)--capri holdings limited (nyse: cpri), a global fashion luxury group, today announced that it has entered into a definitive agreement to sell versace to prada s.p.a. (hkse: 1913) for $1.375 billion in cash subject to certain adjustments. the transaction is expected to close in the second half of calendar 2025, subject to customary closing conditions including regulatory approvals. john d. idol, the company's chairman and chief executive officer, said, “versace is an iconi.
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