Key Takeaways Prada's effort to purchase the Versace brand from Capri Holdings Limited is reportedly moving closer to completion.Bloomberg reported Prada has agreed to pay nearly 1.5 billion euros ($1.

A report said Prada and Capri Holdings had agreed a 1.5 billion euro price tag for Versace, sending stock in both companies higher.

Prada nears a deal to acquire Versace for €1.5B, boosting stocks of both companies. Check out market reactions and potential impacts on Capri's assets.