Prada is considering acquiring Versace, a move complicated by the latter's declining sales.

Italian luxury fashion brand Prada is reportedly considering a bid for Versace, which is up for sale by its parent company, Capri Holdings. Prada is evaluating the potential acquisition, which could be challenging due to Versace's declining sales and the luxury market's current difficulties. Despite Prada's recent sales growth, analysts are unsure if a bid will proceed. The luxury fashion market is still expected to grow significantly in the coming years.

2 months ago
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