Capri Holdings Limited (NYSE:CPRI) has hired Barclays to explore options for the Versace and Jimmy Choo labels, according to the Italian publication Il Sole 24 Ore. Sources indicate that Italian fashion brand Prada S.

Italy's Prada is considering buying fashion group Versace from U.S. Capri Holdings, daily Il Sole 24 ore reported on Friday. Julian Satterthwaite reports.

Fast Money' traders talk new chapter of M&A activity in the luxury goods space.

Italy's Prada is considering buying fashion group Versace from U.S. Capri Holdings, daily Il Sole 24 ore reported on Friday. Citi is acting as adviser to Prada, the report said, adding Capri Holdings had mandated Barclay's to find potential buyers.

The likelihood and potential success of Prada Group acquiring Versace was waved away, citing concerns over strategic fit and past M&A challenges.

The Italian group Prada is considering the purchase of the fashion group Versace from the American multinational Capri Holdings, also the owner of the brands Jimmy Choo and Michael Kors, as reported on Friday by the Italian newspaper Il Sole 24 Ore.

Italy's Prada is among the potential suitors looking at fashion group Versace, which has been put up for sale by its parent Capri Holdings, and has been working with Citi to evaluate any bid, a person with knowledge of the matter said on Friday.