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Prada Issued A Statement &Nbsp; "Lu Qiang Bought 13% Shares Of The Report Is Not True."

2010/7/23 15:28:00 58

In response to recent media reports about Mr. Lu Qiang's purchase of 13% Prada group shares in the past two years, the Prada group hereby solemnly declares that the Department has no basis for false reporting.

94.89%

Prada

Group shares are owned by Prada family and husband Miuccia Prada of Patrizio Bertelli, and 5.11% of the shares are held by Banca Intesa SanPaolo bank.

Event background

In April 2009, the bad news about PRADA began to appear.

PRADA

In order to enhance competitiveness and expand the number of global stores, the public offering financing scheme in 2008 was delayed due to the financial crisis.

In the summer of 2009,

PRADA

When he had to repeatedly come up with the rumor of his overindebtedness and the fact that he had to sell shares, Lu Qiang's roundabout attack on the PRADA Empire had begun.

China's Economic Observer reported the news of Lu Qiang's takeover.

Aileen, a fox City spokeswoman, told Agence France-Presse reporters, "we have no plans to make public.

Buy

。

But somehow a media got the news and reported it.

Then the price becomes very high, so we are considering giving up this idea.

She confirmed that Lu Qiang had interviewed the economic observer, but declined to comment on the report.

The newspaper said Lu Qiang had indirectly acquired 13 percentage points of Prada shares in the past two years and plans to increase shareholdings to 20% to become its largest shareholder.

Lu Qiang has bought an estimated value of 20 million euros through an unidentified Italy consulting firm, the newspaper said.

。

But Prada has raised the price since then.

The report quoted Lu Qiang as saying, "(Prada thinks) to hand over the company to China Management Association will damage the quality and style of the brand".

According to the report, Lu Qiang's acquisition team had planned to invest Prada 450 million euros by buying shares of the Italy fashion company's creditors.

But the cost of the takeover has risen to between 600 million and 700 million euros, the newspaper said.

According to quote, Lu Qiang said he would sell his existing stock if he failed to buy more shares on Monday.

Prada

Shares also said, "I will sell all the shares held at present."

About Prada group

Prada group is one of the world's leading luxury goods companies, and owns Prada.

Miu Miu

The Church 's and Car Shoe brand specializes in the production and sale of high quality handbags, leather goods, footwear, costumes and accessories.

Prada group also operates glasses, perfume and mobile phones in the form of franchise.

The Prada group has 280 direct outlets in 76 countries, and sells products through selected department stores, multi brand boutiques and licensed dealers.