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BUZZ-Capri jumps on report Prada among suitors for Versace

ReutersJan 10, 2025 10:45 AM

** Shares of Michael Kors owner Capri Holdings CPRI.N up 4.2% at $22.41 premarket

** Italy's Prada 1913.F, 1913.HK is among the potential suitors looking at fashion group Versace, which Capri has put up for sale, daily Il Sole 24 ore reported on Friday

** In November, Coach-owner Tapestry TPR.N abandoned an $8.5 billion deal to buy Capri

** Capri has hired Barclays to look at strategic options, including the sale of its Versace and Jimmy Choo brands, two people with direct knowledge of the matter told Reuters

** One person said the entire Capri Holdings group could also be up for sale

** Stock had fallen more than 58% in 2024

(Reporting by Ananya Mariam Rajesh in Bengaluru)

((AnanyaMariam.Rajesh@thomsonreuters.com ; X: https://twitter.com/AnanyaMariam))

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