PRADA’S CAPSULE ROAD SHOW: While Prada chief Patrizio Bertelli has repeatedly said a Prada initial public offering was postponed indefinitely, he and his wife, Miuccia Prada, recently set out on a mini road show to present the company to institutional investors in Milan and at Prada’s headquarters near the Tuscan town of Arezzo. Riccardo Stilli, chief financial officer of Prada, said Morgan Stanley — the original adviser for the IPO — organized the tour late last month, but declined to say which asset management groups were targeted. “It was just a way to introduce our company to future potential investors,” Stilli said. “However, I really hesitate to set a date — 2003, 2004, 2005 — for an IPO. It completely depends on the market.”
MATRIX HONOREES: Kate White, editor in chief of Cosmopolitan; Daisy Exposito-Ulla, chairwoman of Bravo Group; Jane Rosenthal, co-founder of Tribeca Films; Sheila Nevins, executive vice president of original programming, documentaries and family at HBO/Cinemax; Carolyn Reidy, president of Simon & Schuster Adult Publishing Group, and Maurie Perl, senior vice president of corporate communications at Condé Nast Publications, will receive New York Women in Communications Matrix Awards on April 28 at the Waldorf Astoria.
SPRINTING AHEAD: Fast-fashion phenomenon Hennes & Mauritz on Friday said sales rose 26 percent in October compared with the same period last year. H&M sales increased 18 percent in October 2001. The chain did not break down sales on a same-store basis. Meanwhile, the Swedish firm said it has signed leases to open its first store in Poland and first two in the Czech Republic. They are scheduled to bow next spring. H&M is planning to open additional units in both countries later in 2003.
This story first appeared in the November 18, 2002 issue of WWD. Subscribe Today.