These 10 Firms Led This Week’s Rally

7. Capri Holdings Ltd. (NYSE:CPRI)

Share prices of fashion holding firm Capri Holdings (CPRI) increased by 14.65 percent week-on-week, ending at $23.71 as compared with the $20.68 finish the week prior.

Investor sentiment was buoyed by news that Prada was looking to acquire Capri Holdings’ Versace brand. According to reports, the company has already engaged financial and legal advisers to look into the potential deal to decide whether to pursue such a plan.

Meanwhile, Capri Holdings (CPRI) was also said to have hired Barclays to explore options for the label and other brands in its portfolio that would include Jimmy Choo.

Prada emerged as one of the winners amid a rare broader luxury sector downturn, having pushed its sales higher in the third quarter of 2024 thanks to the strong performance of its Miu Miu brand, which is enjoying rising popularity among the young market.