Ads
By
AFP
Published
Jun 3, 2010
Download
Download the article
Print
Text size

Prada mulls listing in Milan, Hong Kong

By
AFP
Published
Jun 3, 2010

MILAN, June 3, 2010 (AFP) - The Prada fashion group is considering listing its shares on the Milan and Hong Kong stock exchanges after years of hesitation, an Italian daily reported Thursday 3 June.

Prada
Photo: AFP

"The luxury group is mulling again the possibility of taking the company public. Among the options on the table, there is (Swiss) bank UBS's proposal to list the company in Hong Kong as well as in Milan," La Repubblica said.

The company founded as a leathergoods shop in 1913 has put off the decision to launch an initial public offering several times in the past decade, most recently because of poor market conditions.

The Prada family controls 95 percent of the high-end fashion group, which also owns the Miu Miu and Church's brands.

Italian bank Intesa Sanapaolo owns the remaining five percent.

The group's revenues totalled 1.56 billion euros (1.9 billion dollars) last year.

Copyright © 2024 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.