According to Zhito Finance APP, as of the time of writing, handbag retailer Capri Holdings (CPRI.US) rose 3% after hours on Friday, reaching $22. Capri is considering selling its two major brands, Jimmy Choo and Versace. Following this news, its stock price surged by 4% in after-hours trading. Capri is currently collaborating with Barclays to actively seek potential buyers, but the sale process is still in the early stages, and it remains unclear whether the sale will be overall or separate. Reports suggest that Capri is expected to receive signals from potential buyers before Christmas.

Previously, Capri's $8.5 billion merger deal with Tapestry (TPR.US) was blocked by a judge due to antitrust issues. Since the deal was obstructed, Capri's stock price has plummeted nearly 50%.