Italy's Prada is considering buying fashion group Versace from U.S. Capri Holdings, daily Il Sole 24 ore reported on Friday. Julian Satterthwaite reports.

Two insiders reportedly confirmed that Capri hired Barclays to look at strategic options including the sale of its Versace and Jimmy Choo brands.

Capri hired Barclays to look at strategic options including the sale of its Versace and Jimmy Choo brands, two people with direct knowledge of the matter told Reuters

Italy's Prada is among the potential suitors looking at fashion group Versace, which has been put up for sale by its parent Capri Holdings, and has been working with Citi to evaluate any bid, a person with knowledge of the matter said on Friday.

Speculation surrounding Versace’s sale is continuing to mount. It is now believed that Italian luxury giant Prada is eyeing a takeover of the brand. This is

Prada is looking into a possible acquisition of Versace, after a previous attempt to sell the fashion house failed last year.

Italy's Prada is among potential suitors examining the acquisition of fashion group Versace which Capri Holdings has put up for sale, daily Il Sole 24 ore reported today.

Investing.com -- Italy’s luxury fashion house Prada (OTC: PRDSY) is reportedly among the interested parties evaluating a potential acquisition of Versace, the fashion group currently owned by Capri Holdings (NYSE: CPRI ), as reported by Italian newspaper, Il Sole 24 Ore, on Friday.

The likelihood and potential success of Prada Group acquiring Versace was waved away, citing concerns over strategic fit and past M&A challenges.