Capri Holdings has completed the $1.375 billion sale of Versace to Prada, with proceeds earmarked to repay most of Capri’s debt and strengthen its balance sheet.
CEO Idol said the deal will cut leverage, boost financial flexibility and support future investment.
Capri remains focused on Michael Kors and Jimmy Choo, aiming to stabilise operations this year and return to growth in fiscal 2027.Capri Holdings has completed the $1.375 billion sale of Versace to Prada, with proceeds earmarked to repay most of Capri’s debt and strengthen its balance sheet.
CEO Idol said the deal will cut leverage, boost financial flexibility and support future investment.
Capri remains focused on Michael Kors and Jimmy Choo, aiming to stabilise operations this year and return to growth in fiscal 2027.
