The CAPRI action collapses after the acquisition of Versace per Prada for an amount of $ 1.4 billion – 10/04/2025 at 19:15

((Translation automated by Reuters, please consult the non-responsibility clause https://bit.ly/rtrsauto)) (updates)

April 10 – ** The actions of CAPRI Holdings CPRI.N, the parent company of Michael Kors, lost the gains made at the start of the market to fall from $ 12.9 % to $ 14.25 in the afternoon exchanges ** Prada 1913.F announced that it would buy Versace in Capri as part of an evaluating transaction at $ 1.38 billion * The operation is below around 2.15 billion dollars, the debt included, that the American company CAPRI paid for Versace in 2018

** The sale of Versace by CAPRI at a loss, combined with recent financial difficulties and the uncertainty of management, has shaken the confidence of investors and has the actions fall despite the initial optimism – Angeli Gianchandani, assistant professor at the New York University of Professional School

** Versace will become a subsidiary after the operation of the operation, according to the Italian fashion house

** The transaction should be finalized during the second half of the calendar year 2025

** Taking into account the movements of the session, CPRI actions have dropped by more than 29 % since the start of the year