BUZZ-Capri jumps on report Prada among suitors for Versace

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))