Capri may sell struggling Versace to Prada. That’s boosting Capri’s stock. - MarketWatch
1. Capri's stock rose 7.8% amid Versace sale rumors to Prada. 2. Versace's revenue fell 15% last quarter, indicating struggling performance. 3. S&P Global rated Capri's credit as junk, highlighting financial pressures. 4. Capri predicted sales shortfalls, raising concerns over future profitability. 5. The acquisition could bolster Prada's portfolio, influencing luxury market dynamics.