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.

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.

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

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

Italy's Prada is among potential suitors examining the acquisition of fashion group Versace which Capri Holdings has put up for sale, daily Il Sole 24 ore reported on Friday. In November Coach-owner Tapestry dropped a $8.

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.

Italian luxury brand Prada may be considering acquiring Versace, according to a report from Il Sole 24 Ore. The speculation comes as Versace’s owner, Capri Holdings Ltd., has enlisted Barclays to explore strategic options for the iconic label and other brands in its portfolio,