Date:	--/--/-- --:--:--
Event Id:	E5D8E4I8W
Action Type:	ACQUISITION
Action Status:	COMPLETED
Acquirer Symbol:
Target Symbol:	CPRI
Updated:	--/--/-- --:--:--
Purchase Price Per Share:
Price Per Share Currency:
News References:	https://www.businesswire.com/news/home/20251201352355/en/

Action Notes

Prada S.p.A. (1913:HK) today announces that it has entered into a definitive agreement to acquire 100% of Versace from Capri Holdings (NYSE:CPRI).Under the terms of the agreement, the Prada Group will acquire 100% of Versace for a total Enterprise Value of (E)1.25 bn ($1.375 bn2) on a debt and cash free basis. The transaction has been approved by both Prada S.p.A.'s and Capri Holdings' Boards of Directors and is expected to close over the course of the second half of 2025, subject to customary closing conditions, including the receipt of required regulatory approvals. The transaction has been approved by both Prada S.p.A.'s and Capri Holdings' Boards of Directors and is expected to close over the course of the second half of 2025, subject to customary closing conditions, including the receipt of required regulatory approvals.