Rumors regarding the potential sale of Versace by Capri Holdings are on the rise. According to Il Sole 24 Ore, the Prada Group, led by Patrizio Bertelli and Miuccia Prada and under the management of CEO Andrea Guerra, has reportedly set its eyes on the dossier. Speculations suggest that the operation is being evaluated in collaboration with the American investment bank Citi. Rumors regarding the potential sale of Versace by Capri Holdings, which acquired it in 2018 for 1.83 billion euros, became increasingly prevalent following the US Antitrust Commission's decision to prohibit the merger with Tapestry. The Commission underlined concerns about creating "a monopoly operation in the affordable luxury market," which would have resulted in "the elimination of direct competition between the six brands by gaining a dominant share in fashion and fashion accessories with the power to unfairly raise prices for consumers". It is at this juncture that the US group, which is led by John Idol, would have made the decision to place all of its bets on Michael Kors, a brand that was established by the designer of the same name and had given its name to the group at the time of its foundation (Michael Kors Holdings Limited until 2019). As a result, the group would have divested both Versace and Jimmy Choo from their portfolio. After initial speculation about interest from Exor, the holding company of the Agnelli family led by John Elkann, and French luxury conglomerate Kering, which did not materialize, Prada is now seen as a probable buyer, with the goal of creating an Italian luxury hub.
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