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

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.

Capri Holdings Ltd. shares jumped as the U.S. company moves closer to a sale of its Italian luxury brand Versace to Prada SpA.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD