PARIS — The long-awaited initial public offering of Prada could come in 2005, chief executive officer Patrizio Bertelli said at a conference here.
Bertelli said Prada plans to revisit its IPO plans before $700 million of the company’s bonds reach maturity. Those bonds are convertible into Prada shares if and when the firm goes public. If there’s no IPO by mid-2005, Prada has to reimburse the bondholders.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)