MILAN — Prada SpA is not considering the sale of a minority stake to a Dubai-based investor and still intends to list when the markets improve, despite newspaper reports suggesting otherwise, a company spokesman said.
A report by Bloomberg printed in Wednesday’s International Herald Tribune said Prada might explore alternatives to an initial public offering in light of current market conditions and linked talks between Prada and Barneys New York owner Istithmar World PJSC to the sale of a minority stake in the Italian fashion house.
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)