Capri: Prada Doing A Heat Check With A Potential Versace Takeover
Source: SeekingAlpha
2025-03-04 07:39:00 ET
Summary
- Prada is nearing a deal to acquire Versace for €1.5 billion, about 30% less than what Capri paid in 2018.
- Capri Holdings stock jumped on the news, as investors have reignited hopes in potential suitors for Capri's assets following the termination of the Tapestry deal.
- PRDSY is also up, supposedly because of the reportedly low valuation (2x sales), with investors believing the company's momentum, led by Miu Miu, will carry on.
- CPRI's future remains uncertain, but if the deal gets done, the implied remaining market cap would put Michael Kors at a shockingly low valuation.
As Capri ( CPRI ) shareholders are still licking their wounds from the termination of the Tapestry ( TPR ) deal, another white knight approaches, and this time it's Prada ( OTCPK:PRDSY ) (PRDSF)....
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Capri: Prada Doing A Heat Check With A Potential Versace Takeover
Prada S.p.A.
NASDAQ: PRDSF
PRDSF Trading
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$5 Last:
636 Volume:
$5.02 Open:
