Prada SpA, the Italian seller of the namesake luxury bags, rose the most in more than a month in Hong Kong trading after signing a licensing deal for Coty Inc. to create and distribute perfumes under the Miu Miu brand.
Chanel designer Karl Lagerfeld, with his shock of white hair, black glasses and leather gloves, will be the center of attention in Paris next Tuesday when he debuts the luxury-goods company’s latest ready-to-wear collection during the city’s Fashion Week.
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.
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.
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.
Prada SpA is seeking to raise as much as $2.6 billion in a Hong Kong initial public offering this month that would give the maker of Miu Miu handbags a higher valuation than most of its European rivals .
Prada SpA , the Italian producer of Miu Miu bags and Church’s shoes, won approval from Hong Kong’s stock exchange for a $2 billion initial public offering, two people with knowledge of the matter said.