Italy's Prada is considering buying fashion group Versace from U.S. Capri Holdings, daily Il Sole 24 ore reported on Friday. Citi is acting as adviser to Prada, the report said, adding Capri Holdings had mandated Barclay's to find potential buyers.

In addition to Versace and Jimmy Choo, Capri ( NYSE: CPRI) owns the Michael Kors brand. For its part, Prada S.p.A's ( OTCPK:PRDSY) ( OTCPK:PRDSF) stable of brands includes Prada, Miu Miu, Church's, Car Shoe, Pasticceria Marchesi 1824, and Luna Rossa

Prada is eyeing a potential acquisition of Versace from Capri Holdings, with Citi as its adviser. Capri has enlisted Barclays to find potential buyers for Versace. Other fashion groups and private equity funds are also interested.

Capri posted a bigger-than-expected drop in quarterly revenue, hurt by execution missteps and a global slowdown in luxury goods demand.

Italy's Prada is among the potential suitors looking at fashion group Versace which Capri Holdings has put up for sale, daily Il Sole 24 ore reported on Friday. In November, Coach-owner Tapestry abandoned an $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,

Italian fashion brand Prada could be weighing a purchase of the Versace label, daily Il Sole 24 Ore reported on Friday. The luxury house is working with adviser Citi to decide whether to pursue a deal,