Image courtesy: Reuters/Stefano Rellandini
Don’t rub your eyes, you’re reading it right. Both the fashion and finance worlds are buzzing with news that Miuccia Prada, who owns 95% of, well, Prada, is again considering plans to list her company on a stock exchange.
The luxe brand, which has been struggling on the financial front for a while, is looking for a 4 billion euro share price valuation for its IPO. And if all goes well, it may list shares on stock exchanges in fashion capitals Milan and Hong Kong. Now only if our other favourite brands did the same, not that we’re hoping they get into debt of course!
If the average fashionista will soon be able to buy a piece of the Prada Empire, it’ll take the meaning of investing in a fashion piece to a whole new level! A good investment, you think?
POST A COMMENT