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BUZZ-HK shares of Italy's Prada climb on possible bid for Versace

ReutersJan 13, 2025 5:35 AM

** Hong Kong-listed shares of Italy's Prada 1913.HK climb 3.2% to HK$62.20, on course to snap three consecutive sessions of decline, if gains hold

** Stock marks biggest intraday pct rise since Jan 2

** Prada 1913.F is among the potential suitors looking at fashion group Versace, which has been put up for sale by its parent Capri Holdings CPRI.N, and has been working with Citi to evaluate any bid, a person with knowledge of the matter said on Friday

** Capri 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

** Private equity firms and rival luxury groups are seen as as possible bidders, says one of the sources

** Hang Seng Consumption Index .HSCGSI eases 1% and Hang Seng Index .HSI falls 1.2%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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