Miuccia Prada News
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Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
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Surging demand for $100 Zara dresses and $3,000 Prada handbags in emerging markets has created three new billionaires who hail from countries at the center of the European debt crisis.
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Pussy Riot, the female Russian punk rock band with two members still in jail, landed on ArtReview’s annual ranking of the 100 most influential people in the art world, the Power 100, published today.
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Prada SpA, the Italian owner of the eponymous fashion label, is studying an initial public offering in Hong Kong for the first half of 2011, according to three people familiar with the situation.
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Prada SpA, the Italian fashion company that has scrapped initial public offerings four times in 11 years, may decide to proceed with an IPO by the end of the month, according to two people familiar with the situation.
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Miuccia Prada has trumped Mark Zuckerberg and Cheng Yu Tung in the battle of billionaires.
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Prada SpA, the Italian fashion house known for its triangular logo, said it will start the process for selling shares in an initial public offering in Hong Kong, as rising incomes in China spur demand for luxury goods.
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Prada SpA, the Italian luxury goods maker that had Hong Kong’s biggest initial public offering this year, boosted first-half profit 74 percent as it opened more stores and demand in Asia surged.
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Prada SpA and its owners raised about HK$16.7 billion ($2.14 billion) in this year’s biggest Hong Kong initial public offering after the company sold shares near the low end of its target amid a global stock-market slump.
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Prada SpA, buoyed by surging profit at the eponymous fashion label, is exploring options to revive an initial public offering, according to four people familiar with the talks.
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