Capri Holdings agrees to sell Versace business to Prada for $1.375B cash

Capri Holdings Ltd

Prada to acquire all outstanding interests in Versace holding companies for $1.375 billion in cash.
Transaction subject to HSR waiting period, other regulatory approvals, and customary closing conditions.
Capri expects to reorganize subsidiaries pre-closing; transaction structured as acquisition of GIVI Holding S.r.l.
Closing expected by January 12, 2026, with possible three-month extension under certain circumstances.
Capri and Prada will enter transition services agreement at closing for ongoing support.

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