Italy's Prada is among the potential suitors looking at fashion group Versace, which has been put up for sale by its parent Capri Holdings, and has been working with Citi to evaluate any bid, a person with knowledge of the matter said on Friday.

Fast Money' traders talk new chapter of M&A activity in the luxury goods space.

The likelihood and potential success of Prada Group acquiring Versace was waved away, citing concerns over strategic fit and past M&A challenges.

Italy's Prada is among the potential suitors looking at fashion group Versace which Capri Holdings has put up for sale, daily Il Sole 24 ore reported on Friday. In November, Coach-owner Tapestry abandoned an $8.

The Italian group Prada is considering the purchase of the fashion group Versace from the American multinational Capri Holdings, also the owner of the brands Jimmy Choo and Michael Kors, as reported on Friday by the Italian newspaper Il Sole 24 Ore.