Brada is preparing to close the Versace deal after stimulating the Trump tariff

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The Italian fashion group Brada concludes with Versace after negotiating more than 200 million dollars, due to the impact of US President Donald Trump’s war.

Prada and Cabri Holdings, VersaceIts owner is scheduled to announce a deal worth about $ 1.38 billion as soon as possible on Thursday, according to people who have direct knowledge of the conversations. These people added that the price of transactions, which was expected to be agreed upon at about $ 1.6 billion, was re -negotiated in the last days that followed the disturbances in the market and the pressure that was expected to be put in the US tariff in Versace’s actions.

People have warned that the timing of the advertisement of the deal can slip and still can make minimal price adjustments. The CEO of Capri John Idol is in Milan to end the details with the Prada family, according to a person. Prada Capri refused to comment.

The price of CAPRI fell by more than a third since Trump announced an experimental tariff for global trading partners last week, which led to the collapse of the markets and reduced the market value of the group to $ 1.5 billion.

Capri, who also owns Jimmy Zhou and Michael Kors, and the Prada Group in exclusive negotiations for more than a month. The initial demand for Capri was 3 billion euros and the future of VISPace’s creative director, Donatella Versace, is one of the main points of negotiations, according to people close to the talks.

Last month, Donatella Versace stepped down 30 years after Creative Helm from the name of the name and replaced by Dario Vitale, MIU MIU Design Director, one of the brands of the Prada Group.

This step was considered a sign that the two groups were approaching an agreement. However, the turmoil in the last market and the decline in stock prices in Capri threatened to remove the deal.

The broken price deal will mean that Capri takes a more severe haircut on Versace, which I bought in 2018 from the Versace family at a value of 1.83 billion euros.

Versace property has suffered from CAPRI decision to license many of its third parties, including Luxotica and Euroitalia. Versace sales have decreased by approximately 11 percent in the last quarter, and the brand is currently losing.

The high -end eyebrow gathering in Prada and the most maximum brand in Versace as a potential supplementary, but some of those familiar with the industry see the re -launch Versace as a complex task.

Vitale, who has succeeded in Miu Miu to the founder Miuccia Prada, will be assigned to revive the poster by making it more attractive to a new generation of other consumers.

New York -based Capri is looking to sell Versace for some time. The plan accelerated last year when an American court prevented a proposal of $ 8.5 billion with TAPESTRY competition, which owns Coach and other luxury brands at reasonable prices, due to competition concerns. It was also a fun interest from potential buyers of the Jimmy Choo brand, according to people familiar with the situation, which she bought for $ 1.35 billion in 2017.

Capri has faced challenges on both its revenues and its profit as trademarks through its struggle’s wallet amid a luxurious global slowdown, which achieved the ambitious sector that targets its trademarks in particular. Michael Kors – which represents about 70 percent of the group’s revenues – was a bad performance. The deal will allow Capri to re -focus on converting the brand while lowering its debts.