The Prada fashion group is considering listing its shares on the Milan and Hong Kong stock exchanges after years of hesitation, an Italian daily reported today.
'The luxury group is mulling again the possibility of taking the company public. Among the options on the table, there is Swiss bank UBS's proposal to list the company in Hong Kong as well as in Milan,' La Repubblica said.
The company, founded as a leathergoods shop in 1913, has put off the decision to launch an initial public offering several times in the past decade, most recently because of poor market conditions.
The Prada family controls 95% of the high-end fashion group, which also owns the Miu Miu and Church's brands. Italian bank Intesa Sanapaolo owns the remaining 5%.
The group's revenues totalled €1.56 billion last year.
