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Prada (OTCPK:PRDSF)(OTCPK:PRDSY) will make a decision this week on whether to acquire rival Versace, Reuters reported on Sunday, citing a person familiar with the matter.
The talks are now in the final stages, the report said. In February, Prada received the latest financial and sales data for Versace.
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Versace has been a subsidiary of Capri Holdings (NYSE:CPRI) since 2018. Italian daily La Repubblica reported on Saturday that Capri Group CEO John Idol is expected to travel to Milan in the coming days to discuss the deal.
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Neither Capri nor Prada immediately responded to Seeking Alpha’s request for comment.