CALZATURA

WORLD NEWS:

Source:
"International Technology"

International Technology
N°    4       04/09/2002

PRADA




The Italian giant of the fashion and luxury good industry, headed by Patrizio Bertelli, will be launched on the stock exchange starting from summer 2002: "This was a choice we had to make to give new vigour and dynamism to the company,"confirmed Bertelli, who will be backed in this operation Paribas, Deutsche Bank and IntesaBci. The turnoverfor the Prada group in the 2001, were lower than had been announced for the first few months of 2002. The group invoiced 1,730 million Euros in 2001 (+5.4% compared to 2000), against the predictions of 1,750 million Euros. Specifically the Prada label increased during the course of the last 2 years by 21.2% (394 million). The group also controls 100% of the Church´s footwear brand.




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