MILAN — Prada is eyeing an initial public offering again — this time for the first quarter of 2012.
While the brand has been down this road before, the company has several reasons to make it happen on the fourth attempt. First, the timing coincides with the expiration of Prada’s loan of 450 million euros, or $556 million at current exchange, granted by a string of banks — Intesa Sanpaolo, UniCredit, Calyon, Banca Leonardo, Banca Popolare and Centrobanca. In August, the lenders agreed to postpone the term payment initially due to be repaid in two installments, one in July 2009 and the other the next month.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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