MILAN — After flirting with the stock market for the last seven years, Prada SpA said Wednesday that it is set to launch an initial public offering in 2008.
Depending on market conditions, a spokesman for the Italian luxury goods group said the listing on the Milan Stock Exchange is planned for next year, but there had been no decision on how much of the company would be floated. A source close to the deal suggested the move would likely be made in the second half, and that a 30 to 40 percent chunk would go public.
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)