PRADA Says Milan Dual Listing Plan Still Under Consideration

Deep News
Yesterday

Andrea Bonini, CFO of Italian luxury group PRADA, stated in a media interview on Thursday that the company still plans to pursue a dual listing but will only finalize the decision when the listing date is "within six months."

Speculation about a potential dual listing by the Hong Kong-listed group has persisted since 2022, when PRADA executive Paolo Zannoni told media it was an option but not a priority.

Bonini said on Thursday that such a move "would be the right choice at some point."

He added, "We have always believed this is the right path. However, we won’t set a concrete timeline unless we are within six months of the execution."

After a pandemic-driven boom and stabilization in China's market growth, luxury stocks have generally faced slower expansion. Bonini noted that the sector is showing signs of "stabilization," suggesting a potential consumption recovery may be imminent.

"The U.S. market is performing well, with nearly flawless results overall," he said. However, he cautioned that the outlook may not remain smooth, as "when speculative factors drive market euphoria, prudence is always necessary."

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