2.6 billion dollars for Prada fashion house
- Filed under: Alternative Lifestyle, Famous, Fashion
- Date: Jul 12,2007
I don’t think the Devil would sell his fashion house for that price. The Devil always wear PRADA and 2.6 Billion is too cheap to buy the whole fashion house. It should be more than that. Even Prada has denied this hushing thingy of selling the fashion house but still the speculation is spreading around the high luxury industry.
A British billionaire is holding secret talks on buying Italian fashion house Prada, the Sunday Times reported.
Richard Caring, who made his fortune supplying many of Britain’s leading clothes stores, is holding secret talks on the move, the weekly paper said, quoting unnamed sources from the City of London financial district.
At least two private equity houses are also interested in buying Prada, which is worth 1.3 billion pounds (1.9 billion euros, 2.6 billion dollars), the paper said.
It reported that these could include Permira and Carlyle.
Prada, known for its sleek, modernist tailoring, enjoyed a 63 percent increase in profits last year, taking them to 76 million euros.
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