Clothing tycoon Richard Caring is in talks to buy family-owned Italian fashion house Prada.
Clothing tycoon Richard Caring is in talks to buy family-owned Italian fashion house Prada in a deal worth up to 2 billion euros ($2.7 billion), The Sunday Times reported. Caring, who owns London's swanky Ivy and Le Caprice eateries, faces competition from at least two private equity groups for the Milan-based chain, the paper said, citing city sources. Prada was not immediately available for comment. It was not immediately possible to reach Caring.
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