Manufacturing Industry
Prada's SEARCH for a head of investor relations has revived rumours that the Italian design house is readying itself for an IPO.(EUROPEAN NEWS)
Cosmetics International, May, 2007
> PRADA's SEARCH for a head of investor relations has revived rumours that the Italian design house is readying itself for an IPO. According to the Financial Times, the company's chief executive, Patrizio Bertelli, has hinted that the company could be floated early next year. The company has been valued at approximately 2bn [euro] most of which comes from the Prada and Miu Miu brands.
It also has a valuable fragrance and beauty licence operated by Spanish beauty giant Puig.
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