MILAN — Prada SpA seems to be on track for an initial public offering by July.
The luxury goods brand had earlier indicated it wanted to list its shares on the Hong Kong Stock Exchange, and analysts believed it would be in the first half in an IPO that could value the company at up to $9.5 billion. According to sources, the Italian luxury goods house has filed documents with the Hong Kong exchange with the goal of listing a 20 percent stake. A Prada spokesman declined to comment Thursday.
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)