MILAN (Reuters) – Italy's Prada is among potential suitors considering the takeover of fashion group Versace, which Capri Holdings has put up for sale, daily newspaper Il Sole 24 Ore reported on Friday.
In November, Coach owner Tapestry (NYSE:) dropped an $8.5 billion deal to buy Michael Kors owner Capri.
After the failure of the deal to establish an American luxury group, Capri was appointed Barclays (LON:) to consider strategic options including selling its Versace and Jimmy Choo brands, two people familiar with the matter told Reuters.
One person did not rule out that the entire Capri Holdings group could be up for sale.
The report said that Prada is looking into the file with City. Citi has worked with Prada in the past on the dual listing project, which has been put on hold.
Prada, contacted by Reuters, declined to comment.
In November, Capri reported a larger-than-expected decline in quarterly revenue, hurt by execution errors and a global slowdown in demand for luxury goods.
