MILAN (Reuters) -Italy’s Prada (OTC:) is amongst potential suitors analyzing the acquisition of style group Versace which Capri Holdings (NYSE:) has put up on the market, day by day Il Sole 24 ore reported on Friday.
In November Coach-owner Tapestry (NYSE:) dropped a $8.5 billion deal to purchase Michael Kors-owner Capri.
After that deal to create a U.S. luxurious conglomerate fell via, Capri employed Barclays (LON:) to have a look at strategic choices together with the sale of its Versace and Jimmy Choo manufacturers, two folks with direct of the data of the matter informed Reuters.
One individual didn’t rule out the complete Capri Holdings group is also up on the market.
Prada is trying on the file with Citi, the report mentioned. Citi has labored with Prada prior to now over a dual-listing venture which was placed on maintain.
Contacted by Reuters, Prada declined to remark.
In November, Capri posted a bigger-than-expected drop in quarterly income, damage by execution missteps and a worldwide slowdown in luxurious items demand.