Prada $1913 (-2.57%) wants to take over Versace for 1.5 billion . euros: The billion-euro takeover is about to be finalized. Talks between Prada and Versace are already in full swing after an initial comprehensive audit revealed no risks. However, it is possible that both the timing and the value of the deal could still change. Failure of the negotiations cannot be ruled out either. Versace is under the umbrella of the parent company Capri Holdings, which also includes the luxury brands Michael Kors and Jimmy Choo. With the presentation of Versace in the shop window, Capri Holdings is clearly signaling its interest in this iconic brand, which occupies a prominent place in the fashion world.
Meanwhile, Chinese factories are seeing orders coming in as a result of pressure from tariff measures. In February, manufacturers in China reported a surge in orders as importers sought to circumvent the higher tariffs imposed by President Donald Trump. This unexpectedly positive news comes at a time when China's leaders are gathering in Beijing for the annual meeting of the National People's Congress. Lawmakers are expected to support the policies and priorities set out by the ruling Communist Party. This may bring fresh aid to the economy, which is currently heading for growth below 5%. The introduction of an additional 10% tariff on imports from China highlights the uncertainty surrounding the future of the world's second largest economy. Premier Li Qiang will present a work report on Wednesday, which traditionally includes the annual growth target and other important economic updates.
Sources:
https://finance.yahoo.com/news/chinese-factories-see-improved-orders-055439906.html