Prada will postpone IPO until autumn due to poor market (Prada Holding BV)

Article Abstract:

Italian luxury goods company Prada Holding BV has postponed its initial public offering planned for late June this year until fall.

LEATHER AND LEATHER PRODUCTS, Other Leather and Allied Product Manufacturing, Luggage Manufacturing, Luggage ex Plastic, Luggage, Leather Goods NEC, Leather luggage, Luggage industry, Leather clothing

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Prada puts of IPO indefinitely as luxury-goods stocks fall

Article Abstract:

Prada Holdings N.V. has indefinitely postponed its initial public offering (IPO) as luxury goods share prices fell after the World Trade Center attacks in September 2001. The postponement raises concerns as to how Prada will finance its high debts.

Organizational history, Apparel & Related Products, Apparel Manufacturing

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Prada, with eye on IPO, aims to cut debt by half: fashion house's CEO says he won't sell weak units, despite creditors' urgings

Article Abstract:

Patrizio Bertelli, chief executive of Italian fashion firm Prada Holding N.V., says the company will reduce net debt to euro 290 mil during 2004 to improve its position for a potential stock market listing. No plans have been made, however, to drop underperforming divisions such as Jil Sander and Helmut Lang.

Financial management, Finance, Women's clothing industry, Company securities, Company public offering, Company business planning, Company financing, Textile and clothing industry software

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