MILAN — There’s still no word when Prada will finally go public, but the company is mulling several moves to cut its debt and bolster its balance sheet.
Prada is mum on just what those options might be, but a source close to the firm said possibilities include spinning offreal estate assets and integrating the Miu Miu brand into the Prada group. Prada’s debt, amassed during a buying spree of brands like Jil Sander and Helmut Lang, stood at $809.4 million as of June 30. (Dollarshave been converted from euros at current exchange rates.)
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)