The negotiations on the acquisition of a Versace brand from the Italian Prada fashion house from Capri Holdings Ltd were at risk due to the fall of world stock markets. The newspaper writes about it Wall Street Journal (WSJ) Reference to informed sources.
“Prada buys Versace from Capri for about $ 1.4 billion that can be announced on Thursday morning. But the Versache family should still sign an agreement,” he says.
Currently, the chance of concluding a process that draws attention to one of the sources is 50 to 50.
WSJ complexes the conclusion of the final agreement by companies, the decline in the stock market and the consequences of import taxes imposed by the United States.
According to the broadcast, Capri shares add approximately 10% to the transaction price on April 9th. Since the beginning of this year, costs have decreased by almost 35%. When it comes to Prada shares based in Milan but quoted in Hong Kong, they fell 1.2%. He also said that the shares fell more than 15% on the last five trade days.
2 April US President Donald Trump Introduced A new import task system for 185 countries. The basic ratio turned out to be 10% for all imported goods and much higher for individual countries – 34% for China, 46% for Vietnam and 20% for the European Union. A similar trade policy was met by not being approved by the leaders of the countries where the duties were appointed.
Against the background of new tasks, the US exchange indices collapsed. Pa Stolypin Boris Kameikin, until April 7, the loss of the American stock market was almost $ 5 trillion. Trump warned Americans about difficult times and He called “Stay strong.”
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.