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Prada mulls IPO

Prada is considering listing its shares on the Milan and Hong Kong stock exchanges, according to reports.

The luxury fashion house, which owns brands including Prada, Miu Miu and Church’s, has discussed the possibility of launching an initial public offering several times in the past decade and recently delayed a decision because of poor market conditions.

The company, which was founded as a leather goods shop in 1913, is 95% owned by the Prada family, with Italian bank Intesa Sanapaolo owning the final 5% stake.

Prada, which had a group turnover of €1.56bn (£bn) in 2009, invested €120m (£105.6m) last year in its development plan.

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