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PRESS DIGEST- Financial Times - March 3

ReutersMar 3, 2025 2:10 AM

- The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- UK and France aim for new Ukraine peace deal after White House fracas

- Prada edges closer to buying Versace for about 1.5 billion euros

- Clearlake to buy majority stake in ModMed that values it at $5.3 billion

- Toughen UK worker rights bill to curb 'rogue employers', MPs say

Overview

- Prada 1913.F became a frontrunner to buy Versace from Capri Holdings CPRI.N for about 1.5 billion euros ($1.56 billion), in a move that would combine two of Italy's best known luxury fashion brands.

- Private equity group Clearlake Capital is close to clinching a deal to buy a majority stake in healthcare software company Modernizing Medicine in a deal that values the group at $5.3 billion, including debt.

- Britain and France are to lead a desperate European attempt to salvage peace hopes in Ukraine, after last week's explosive meeting between U.S. President Donald Trump and his Ukrainian counterpart Volodymyr Zelenskiy.

- The UK government should toughen its reforms to workers' rights to ensure "rogue employers" cannot exploit loopholes in the legislation, a cross-party committee of MPs said on Monday.

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