Prada Group says it has purchased fashion rival Versace in a deal worth nearly US$1.4 billion [BNN Bloomberg (Canada)]
Capri Holdings Limited Ordinary Shares (CPRI)
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am
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Source: BNN Bloomberg
The highly anticipated deal is expected to relaunch Versace's fortunes, after middling post-pandemic performance as part of the U.S. luxury group Capri Holdings. Prada said in a one-line statement that the acquisition had been completed after receiving all regulatory clearances. Versace's future Prada heir Lorenzo Bertelli will steer Versace's next phase as executive chairman, in addition to his roles as group marketing director and sustainability chief. The son of co-creative director Miuccia Prada and longtime Prada Group chairman Patrizio Bertelli has said he doesn't expect to make any swift executive changes at Versace. But Bertelli has said that the company, which places among the top 10 most recognized brands in the world, has long been underperforming in the market. Prada has underlined that the 47-year-old Versace brand offered “significant untapped growth potential.'' Versace has been in the midst of a creative relaunch under a new designer, Dario Vitale, who pre
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CPRI
News
- Capri (NYSE:CPRI) was upgraded by analysts at Barclays PLC to a "strong-buy" rating.MarketBeat
- Creative director Dario Vitale exits Versace two days after Prada's acquisition [Yahoo! Finance Canada]Yahoo! Finance Canada
- Creative director Dario Vitale exits Versace two days after Prada's acquisition [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Versace designer makes shock exit despite stellar debut [CNN]CNN
- Versace designer makes shock exit despite stellar debut [CNN]CNN
CPRI
Earnings
- 11/4/25 - Miss
CPRI
Sec Filings
- 12/2/25 - Form 8-K
- 11/4/25 - Form 10-Q
- 11/4/25 - Form 8-K
- CPRI's page on the SEC website