The heir to the Prada fashion empire said rising geopolitical tensions have made a plan to list in its homebase of Milan more important to maintain “bridges” between Europe and China more than a decade after it went public in Hong Kong.
The Financial Times first reported last year that the $19.3bn group, which owns brands including Prada, Miu Miu and Church’s, was exploring a dual-listing to tap European investors but the process has been delayed by initial regulatory hurdles. Prada listed shares in Hong Kong in 2011.
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