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Prada explores acquisition of Versace from Capri Holdings
Prada is evaluating a potential acquisition of Versace from Capri Holdings, with Citi acting as its adviser. Capri Holdings has engaged Barclays to identify potential buyers for Versace, attracting interest from private equity funds and other fashion groups. This development follows Tapestry’s decision in November to abandon its $8.5bn acquisition deal for Capri, the parent…
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Fashion brand True Religion acquired by Acon Investments
True Religion announced on Tuesday that private equity firm Acon Investments has acquired a majority stake in the company. SB360 Capital Partners, chaired by American Eagle’s CEO Jay Schottenstein, also took part in the deal. True Religion stated that the acquisition would support the expansion of its product range and global presence. The US-based clothing…
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Exclusive: Interview with Forbes Romania’s “30 Under 30” Ion Orins
Shaping the Future: The Developer Redefining Fintech and Blockchain at 18 At only 18 years old, Ion Orins landed a full-time role at Modex, a fintech and blockchain company, after impressing executives at a hackathon. Two years later, he was named in Forbes Romania’s 30 Under 30 for his contributions to software development. Now, as fintech, AI,…