Capri Holdings Ltd (CPRI): M&A transaction — Capri Holdings closes $1.375B sale of Versace to Prada; proceeds to repay debt

Capri Holdings Ltd

Sale of Versace to Prada completed for $1.375B in cash, subject to closing adjustments.
Proceeds used to repay ~$729M of term loans, reducing leverage ratio significantly.
CEO says focus on Michael Kors and Jimmy Choo; expects business to stabilize and return to growth in FY2027.
Krista McDonough, Chief Legal & Sustainability Officer, receives $325K retention bonus for Versace sale role.
Pro forma continuing ops (Michael Kors, Jimmy Choo) had $1.65B revenue in H1 FY2026.

item 2.01 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Capri Holdings Ltd completed a disposition involving Prada S.p.A for $1.375 billion in cash (closed 2025-12-02).

Action: disposition
Counterparty: Prada S.p.A
Consideration: $1.375 billion in cash
Closing: 2025-12-02

Exact text from the filing

Capri Holdings Limited (“the Company”) completed the previously disclosed sale of certain subsidiaries of the Company which operated its Versace business to Prada S.p.A (“Prada”) for an aggregate purchase price of $1.375 billion in cash

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Capri Holdings Ltd filing history →

Source: SEC EDGAR

accession 0001530721-25-000148

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