Prada is reportedly considering the acquisition of the luxury fashion brand Versace, currently owned by Capri Holdings. This speculation has emerged from various Italian media sources, including Il Sole 24 Ore. Capri Holdings is looking to sell Versace following a failed acquisition attempt last year. The news has positively impacted Capri Holdings' stock, which has risen nearly 10% in response to the potential deal. Analysts are observing the situation closely, as Prada's interest could reshape the competitive landscape of the Italian luxury fashion market. Additionally, Citigroup has upgraded Capri Holdings' stock rating from Neutral to Buy, increasing the price target from $21 to $29, indicating confidence in the company's future prospects amidst these developments.