By  on March 28, 2011

MILAN — Prada SpA couldn’t have laid the groundwork better for a possible initial public offering: The company on Monday said it closed 2010 with record profits and sales. As chief executive officer Patrizio Bertelli put it, last year’s sales and profits “were never obtained before in the history of Prada.”

Boosted by the performance of its retail network, the Italian luxury goods house said net profit in the year ended Jan. 31 totaled 250.8 million euros, or $336 million, a 150.4 percent surge compared to 100.2 million euros, or $140.2 million, in the previous year.

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