MILAN — When Patrizio Bertelli announced that Prada Group was working to lower its debt during an IWC for Prada watch launch last Thursday, he mighthave been referring to a real estate spin-off venture.

Although the company would not confirm that it’s studying the sale of its real estate assets, a Prada spokeswoman said the company was "considering different options" to help reduce its debt, which is estimated between $800 million and $840 million.

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