Prada In Talks To Sell More Than Half Of Its Fashion House

The New York Post has revived rumors that Prada is nearing a deal to sell 60 percent of the company to Richemont an investment agency. "Richemont is expected to take a passive stake under the terms of the deal, which is still subject to sensitive negotiations, sources said," The Post reported.
Prada company spokesman Andrea Gaudenzi denies any negotiation whatsoever to sell any share to Richemont. These rumors just will not die. Where there is smoke there is fire.


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