Author: Ciara Linnane

Capri Holdings Ltd.’s stock soared 8.9% early Monday, after a report that the company is close to selling its Versace brand to Italian fashion company Prada SpA in a deal valued at 1.5 billion euros.

The Italian family-owned Prada HK:1913 PRDSY has agreed to that price, Bloomberg reported, citing people familiar with the matter. Versace was founded by the late Gianni Versace in 1878 and is currently run by his sister Donatella.

Kroger Co.’s stock slid 1% early Monday after the company announced the departure of Chief Executive Rodney McMullen, who has resigned after a board investigation of his personal conduct.

The company KR did not offer details of the conduct but said it was “inconsistent with Kroger’s Policy on Business Ethics.”