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Prada Liquidity Event Murmurs & Fashion Fire Sale Season

News and notes on fashion M&A great expectations: the Matches and YNAP nightmares, the Capri holdup, and all the Prada questions.

Miuccia Prada
Prada intrigue in Europe more or less matches Ralph Lauren curiosity here: In both situations, you have founders of a certain age who would stand to earn out historic liquidity events. Photo: Victor Virgile/Gamma-Rapho/Getty Images
Lauren Sherman
April 11, 2024

Most M&A chatter hails from bored executives playing a never-ending game of telephone while opportunistic bankers pitch ideas and look to get in on the action. In the luxury world, I suspect that there will be at least some notable transactions this year, from dire situations to true top-of-the market cash-outs and in between, most likely starting with Net-a-Porter (and more broadly, YNAP), which Richemont is currently attempting to sell off to the highest bidder.