June 24, 2011

Prada Goes Pubic, Worth $12 billion


Fashion house Prada has made its official debut onto the Hong Kong Stock Exchange. Forbes Magazine retweeted a related post by their blogger Claire O'Connor. According to Forbes, founder and designer Miuccia Prada and husband Patrizio Bertelli (photographed above) each own 1/3 of the company bringing the approximate total valuation of Prada's shares to over $12 billion. This financial move is suggested to help her return to the Forbes 400 List of Wealthiest Persons, which she has been absent since 2007.
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1 comment:

  1. AnonymousJune 25, 2011 at 5:24 PM

    Good move for Miuccia Prada as long as the new investers dont take creative control

    ReplyDelete

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