Prada Expects To List In Hongkong This Year
According to Hong Kong media reports, active preparations are in progress.
Hong Kong
The market value of Milan's luxury brand Prada, which is listed in Italy, is estimated to exceed four billion yuan (Euro (same below)) (about HK $thirty-eight billion and four hundred million).
Italy media Corriere della Sera quoted the banking sources as saying that the valuation of Prada ranged from three billion yuan to four billion yuan, and the company's target was more than four billion yuan.
Since the first French company L'OCCITANE (973) was listed in Hong Kong, the market came out earlier this month. Prada, which has been seeking a listing for four years in the past ten years, is actively considering listing in Hongkong and Milan this year.
Prada has told the media that it has been closely linked to market dynamics to assess the best time to market, but has not disclosed further details.
Prada a series of positive initiatives.
Merger
The company has increased its liabilities to $one billion and two hundred million, which has been plagued by debt in recent years.
Corriere della Sera reported that Prada plans to increase retail sales by sixty-five percent to seventy-five percent in the short term.
The company's operating profit last year was two hundred and eighty-two million yuan, including sales.
increase
Fourteen percent
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