Capri Holdings shares ($CPRI) have been in the spotlight as the company’s Versace brand could receive a bid from Italy’s Prada, according to media reports. Retail sentiment, however, remained ‘bearish.

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

Fast Money' traders talk new chapter of M&A activity in the luxury goods space.

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,