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The luxury chain, majority owned by the Prada family, is considering whether to list in Europe or Hong Kong, with questions of liquidity and volatility the key factors,Hong Kong 's South China Morning Post said.
"If I have to make a decision right now, I will chooseHong Kong ," Prada's deputy chairman Carlo Mazzi told the newspaper. "It's likely to become the world's biggest stock market in 10 to 15 years."
Prada plans to open 28 new stores in Hong Kong and mainlandChina and expects its Asian sales to exceed those in Europe in the next three years, the report said. A final decision will be made in the next two months.
About 40 percent of the company's investment so far this year has gone toChina and Southeast Asia .
The Milan-based company hopes to raise up to 2.1 billion US dollars from the capital market to help expand its retail network and production lines and pay off its debts.
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The luxury chain, majority owned by the Prada family, is considering whether to list in Europe or Hong Kong, with questions of liquidity and volatility the key factors,
"If I have to make a decision right now, I will choose
Prada plans to open 28 new stores in Hong Kong and mainland
About 40 percent of the company's investment so far this year has gone to
The Milan-based company hopes to raise up to 2.1 billion US dollars from the capital market to help expand its retail network and production lines and pay off its debts.
more about this click here
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