Deal at Risk as Versace Family Hesitates

Prada's ambitious plan to acquire Versace from Capri Holdings for a staggering $1.4 billion is on shaky ground, according to a recent report by The Wall Street Journal. Sources close to the matter reveal that the deal, which could be announced imminently, faces uncertainty as the Versace family has yet to give their approval.

Market Turmoil Adds to the Uncertainty

The potential collapse of this high-profile deal comes at a time when global markets are experiencing significant volatility. Escalating trade tensions, highlighted by sweeping US tariffs and subsequent retaliatory actions from China and the EU, have cast a shadow over international business dealings.

A 50-50 Chance of Success

With the Versace family's approval pending, insiders speculate that the likelihood of the deal being finalized stands at about 50-50. The fashion world watches closely as the fate of this monumental acquisition hangs in the balance.