Prada is reportedly among the potential bidders for Versace, which is up for sale by its parent company, Capri Holdings, amid declining sales in the luxury sector. Capri, which also owns Michael Kors and Jimmy Choo, has faced struggles as wealthy Chinese consumers cut back on spending. After a failed $8.5 billion deal with Tapestry, Capri is exploring options, including selling Versace and Jimmy Choo. While private equity firms and other luxury groups may express interest, analysts are skeptical about Prada’s bid, given its past challenges with acquisitions. Versace’s falling revenue and shrinking operating margin make a turnaround difficult.