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Goldman Sachs is leading a consortium of banks to provide a 2.5-billion-euro financing package for Prada's acquisition of Versace, currently owned by Capri Holdings. Of this amount, 1.5 billion euros will be allocated for the acquisition, while 1 billion euros is earmarked for revitalizing the struggling brand.
Goldman Sachs is set to lead a 2.5-billion-euro financing for the Prada-Versace deal, as reported by daily MF. Investors are reminded that trading in financial instruments and cryptocurrencies carries significant risks, including the potential loss of the entire investment. Prices can be highly volatile and influenced by various external factors.
Goldman Sachs is leading a consortium of banks to provide a 2.5-billion-euro financing package for Prada's acquisition of Versace, currently owned by Capri Holdings. Of this amount, 1.5 billion euros will be allocated for the acquisition, while the remaining 1 billion euros is intended to revitalize the struggling brand.
UBS has maintained a "Neutral" rating on Kering, noting that European luxury goods manufacturers are likely to pass on new US tariff costs to consumers through price increases. Analyst Zuzanna Pusz warns that the risk from declining consumer sentiment is significant, with customs duties potentially reducing operating results by an average of 7%. Kering, along with Moncler, Hermes, Prada, LVMH, and Richemont, is expected to face the least impact, while Salvatore Ferragamo, Swatch, and Burberry may be more affected.
UBS has maintained a "Buy" rating on Richemont, noting that European luxury goods manufacturers are likely to pass on new US tariff costs to consumers through price increases. Analyst Zuzanna Pusz highlights that the risk from declining consumer sentiment is more significant, with customs duties potentially reducing operating results by an average of 7%. The impact is expected to be lowest for brands like Richemont, LVMH, and Hermes, while Salvatore Ferragamo, Swatch, and Burberry face the highest risks.
Luxury fashion brands like Chanel and Prada are facing scrutiny as prices soar, with high-end handbags now costing twice as much as they did eight years ago. This raises questions about the sustainability of such extravagant spending in today's market. Who continues to invest in these luxury items?
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Goldman Sachs leads 2.5 billion euro financing for Prada Versace acquisition
09:52 04.04.2025
Goldman Sachs to spearhead 2.5 billion euro financing for Prada Versace deal
09:22 04.04.2025
Goldman Sachs to provide 2.5 billion euros for Prada Versace acquisition
Euro
PRADA
The Goldman Sachs Group, Inc.
Capri Holdings Ltd
ITA
Alvise Armellini
Elisa Anzolin
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08:40 04.04.2025
ubs maintains neutral stance on kering amid tariff concerns
Salvatore Ferragamo S.p.A.
RICHEMONT, Intellectual Property Services
Burberry Group plc
PRADA
Moncler S.p.A.
Kering S.A. (ADRs)
FRA
Zuzanna Pusz
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16:05 03.04.2025
ubs maintains buy rating on richemont amid tariff concerns
Salvatore Ferragamo S.p.A.
RICHEMONT, Intellectual Property Services
Burberry Group plc
PRADA
Moncler S.p.A.
Kering S.A. (ADRs)
CHE
Zuzanna Pusz
Show more
16:04 03.04.2025
luxury fashion prices soar as consumers question their value
11:02 25.11.2024
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