Prada to make a decision on Versace takeover deal this week, source says
Italian luxury group Prada is set to make a decision this week about a potential takeover of smaller rival Versace, a source close to the matter said on Sunday, as the negotiations enter a final phase.
Prada reportedly taps Goldman Sachs to advise on $2.5B Versace bid
Prada is looking to drum up $1.5 billion to complete the takeover, with another $1 billion earmarked to relaunch and revive Versace's Medusa brand, according to an Italian newspaper.
Prada's CEO flies to New York as talks to buy fashion rival Versace get serious
A deal would unite two of the biggest names in Italian fashion.
Prada: Resilience And Growth Prospects Make It A Buy
Prada's resilience amid China's economic slowdown is due to strong performance in the Asia-Pacific region and exceptional growth of the Miu Miu brand. Despite industry-wide slumps, Prada's EBIT and Cash Flow from Operations have increased by double digits, showcasing its unique brand strength and strategic market focus. Prada's low exposure to the U.S. market is a potential flaw, but ongoing investments and store renovations aim to boost American sales.
Prada S.p.A. (PRDSY) Q4 2024 Earnings Conference Call Transcript
Prada S.p.A. (OTCPK:PRDSY) Q4 2024 Earnings Conference Call March 4, 2025 8:00 AM ET Company Participants Andrea Bonini - CFO Patrizio Bertelli - Chairman & Executive Director Lorenzo Bertelli - Marketing Director & Head, CSR Andrea Guerra - Group CEO Conference Call Participants Edouard Aubin - Morgan Stanley Chiara Battistini - JPMorgan Susy Tibaldi - UBS Erwan Rambourg - HSBC Oriana Cardani - Intesa Sanpaolo Thomas Chauvet - Citi Melania Grippo - BNP Paribas Linda Huang - Macquarie Louise Singlehurst - Goldman Sachs Chris Gao - CLSA James Grzinic - Jefferies Operator Good day, and thank you for standing by.
Versace would widen Prada's reach but fixes could hit short-term profits
An acquisition of Versace by Italian luxury group Prada would create a company with a broader base that is more resistant to business cycles, but reviving the targeted brand could take years and hit short-term profits.
Prada moving closer to $1.6 billion deal for Versace, Bloomberg News reports
Italian luxury group Prada is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News reported on Sunday.
Miuccia Prada says 'everybody' interested in buying Versace
Numerous fashion companies are potentially interested in buying Versace, Miuccia Prada, owner of the Italian luxury group Prada , said on Thursday.
Prada gets exclusive four week access to Versace financial data, source says
Italian luxury group Prada has been given access, ahead of any other potential suitors, to the financial data of smaller rival Versace which owner Capri Holdings has put up for sale, a source close to the matter said on Thursday.
Prada eyes potential bid for luxury fashion brand Versace
Prada has ordered a review of the luxury brand after gaining access to its latest financial and sales figures, according to a report.
Prada price target raised to HK$69 from HK$67 at Morgan Stanley
Morgan Stanley raised the firm's price target on Prada to HK$69 from HK$67 and keeps an Overweight rating on the shares. The firm continues to expect Prada to outperform the market, although still mostly a function of Miu Miu's stellar performance. The analyst noted that the new price target reflects the firm's improved topline expectation, adding that for the foreseeable future the firm continues to believe that the group's growth will be driven by like-for-like.
New Prada-designed spacesuit is a small step for astronaut style, but could be a giant leap for sustainable fashion
For its recent Spring/Summer 2025 show, fashion brand Diesel filled a runway with mounds of denim offcuts, making a spectacle of its efforts to reduce waste.
