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NYSE:CPRI News 2 December 2025 - 3 December 2025

Prada Completes $1.4 Billion Versace Acquisition: What Comes Next for Italian Luxury

Prada Completes $1.4 Billion Versace Acquisition: What Comes Next for Italian Luxury

On December 2, 2025, the Prada Group officially completed its long‑planned acquisition of Milanese rival Versace, closing a deal valued at around €1.25–1.3 billion (roughly $1.38–$1.4 billion), depending on how you count enterprise value and final cash adjustments.PradaGroup+2Межа. Новини України.+2 The transaction unites two of Italy’s most famous fashion houses under one corporate roof: Prada and its youth‑driven sister brand Miu Miu on one side, and Versace, the emblem of maximalist glamour, on the other. It’s being hailed by analysts as a defining moment for Italian luxury—and a direct challenge to French giants like LVMH and Kering.Vogue+2Vogue+2 The Deal at
3 December 2025
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Prada Completes €1.25 Billion Versace Takeover, Redrawing the Global Luxury Fashion Map

Prada Completes €1.25 Billion Versace Takeover, Redrawing the Global Luxury Fashion Map

Milan’s luxury landscape shifted decisively on Tuesday, December 2, 2025, as Prada Group confirmed it has completed the long-awaited acquisition of fellow Italian fashion house Versace from Capri Holdings in a deal valued at about €1.25 billion (around $1.4 billion).PradaGroup+29News+2 The closing, announced after all regulatory approvals were secured, brings together two of Italy’s best-known style powerhouses under one corporate roof and marks the largest acquisition in Prada’s 112‑year history.FashionNetwork+1 Inside the Prada–Versace Deal Prada first agreed in April 2025 to acquire Versace from US-based Capri Holdings, in a transaction now confirmed at approximately €1.25 billion.FashionNetwork+1 Capri had itself bought Versace
2 December 2025
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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