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What contributed to Prada's debt?

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During the late 1990s, Prada went on an acquisition spree in an effort to compete with larger luxury goods groups, such as Gucci Group and LVMH. In June 1998, CEO Patrizio Bertelli acquired a 9. read more

In an effort to repay this debt, Prada aimed to float 30% of the company on the Milan Stock Exchange in June 2001. However, the listing was pulled due to the economic recession that followed the 9/11 attacks and the subsequent slowdown in luxury goods consumption. read more

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