By  on August 4, 2009

MILAN — At least Patrizio Bertelli and Miuccia Prada can relax.

While some of their luxury peers sweat on negotiations with bankers that could determine the survival of their businesses, the lenders to Bertelli and his wife’s investment vehicle Prada Holding BV have agreed to postpone until 2012 the term payment of 450 million euros, or $641.8 million, of the group’s debt, WWD has learned.

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