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-0.000719942404607616 -0.0017998560115191 0.00143988480921523 0.000359971202303872 -0.00251979841612672 0.000719942404607616 0.0017998560115191 -0.00251979841612672
Stock impact report

Here's Prada's luxury empire after its $1.38 billion Versace acquisition [Yahoo! Finance Canada]

Capri Holdings Limited Ordinary Shares (CPRI) 
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am Check Earnings Report
On Tuesday, Prada ( PRDSY completed its acquisition of Versace from US luxury conglomerate Capri Holdings ( CPRI ) for $1.375 billion, uniting the two Italian fashion brands under one roof. The transaction, which the companies confirmed on Tuesday, gives Versace a valuation below the $2.1 billion Capri paid for the brand in 2018. In a press release , Capri stated that the sale allows it "to repay the majority of our debt, which will substantially strengthen our balance sheet," and make strategic investments in its Michael Kors and Jimmy Choo brands. Prada's acquisition of Versace marks the Medusa-emblazoned fashion house's return to Italy. Versace joins Prada Group's $15 billion portfolio of brands, including its flagship brand, Prada, as well as Miu Miu, Church's, Car Shoe, Marchesi 1824, and Luna Rossa. "The Bertellis have long aspired to build an LVMH-like group in Italy," Pauline Brown, former LVMH chair of North America, told Yahoo Finance in April, when the deal was annou Show less Read more
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