Capri Holdings sells Versace to Prada for $1.375B cash; H2 2025 close

Capri Holdings Ltd

Sale price $1.375B in cash; expected close second half of calendar 2025 subject to regulatory approvals.
Proceeds to be used for debt reduction, business investments, and future share repurchases.
Capri retains Michael Kors and Jimmy Choo; transaction strengthens balance sheet and shareholder value.
Barclays serves as financial advisor; Wachtell, Lipton, Rosen & Katz is legal advisor.

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