An Italian bank is paying $126.5 million for a 5-percent stake in Prada Group NV, one of the bank’s key lending customers.
Besides the ownership move, Banca Intesa SpA also agreed to loan Prada about $253 million, The Wall Street Journal reported Monday.
Analysts say the move is an apparent step toward Prada’s long-time but often-frustrated goal [...]
Shopping in Milan isn’t just a pastime, it’s a high-level competitive sport.
Each year, Milan dazzles the world with its prêt-? -porter shows, where top designers parade their latest creations. The chic, the très-chic and the faux-chic alike flock to take in the next season’s trends.
Couriers scuttle up and down the streets, laden with packages of [...]
Rolls-Royce is just one of the global luxury brands climbing aboard as India’s economy takes flight. Gucci, Jimmy Choo, Louis Vuitton and Prada are among the designer names to have launched or beefed up an Indian presence in the past year.
And India’s super-rich are spending like never before. Property in Mumbai’s best areas – albeit [...]