EX-99.1 2 d23269dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Capri Holdings Enters into Definitive Agreement to Sell Versace to Prada S.p.A. London - April 10, 2025 - Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced that it has entered into a definitive agreement to sell Versace to Prada S.p.A. (HKSE:1913) for $1.375 billion in cash subject to certain adjustments. The transaction is expected to close in the second half of calendar 2025, subject to customary closing conditions including regulatory approvals. John D. Idol, the Company’s Chairman and Chief Executive Officer, said, “Versace is an iconic Italian fashion luxury house founded 46 years ago by Gianni Versace and further developed under the creative vision of Donatella Versace. Over the last six years, we have made tremendous progress in repositioning the brand to place greater emphasis on its luxury heritage and exceptional craftsmanship. Through elevated product, marketing and store enhancements, the brand is now well positioned for sustainable long-term growth. We are confident that Prada Group is the perfect company to further guide Versace into its next era of growth and success.” M…
Open exhibit ↗Current Report · Items 7.01, 9.01 · 8-K
Capri Holdings Limited
CPRINYSEEQUITYCurrent
Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On April 10, 2025, Capri Holdings Limited (“Capri”) issued a press release announcing the execution of a definitive agreement with Prada S.p.A. (“Prada”), whereby Prada has agreed to acquire Capri’s Versace business. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated by reference herein.…
Company context
Capri Holdings is a global fashion luxury group consisting of iconic brands Michael Kors and Jimmy Choo. Our commitment to glamorous style and craftsmanship is at the heart of each of our luxury brands. We have built our reputation on designing exceptional, innovative products that cover the full spectrum of fashion luxury categories. Our strength lies in the unique DNA and heritage of each of our brands, the diversity and passion of our people and our dedication to the clients and communities we serve. Capri Holdings Limited is publicly listed on the New York Stock Exchange under the ticker CPRI.