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Prada Group pursues dual listing

Prada Group remains committed to pursuing a dual listing but will finalize the plan only when approximately six months away, CFO Andrea Bonini said. The Italian luxury group, currently listed in Hong Kong, has been considering a secondary listing since 2022. Bonini acknowledged the luxury sector is now “stabilizing” after a post-pandemic slowdown, noting strong U.S. performance. He revealed Prada has achieved 19 consecutive quarters of growth, significantly driven by subsidiary Miu Miu. The CFO confirmed Lorenzo Bertelli will eventually succeed current CEO Andrea Guerra, though no timeline was set. Prada’s recent acquisition of Versace for $1.375 billion signals industry consolidation. Prada’s stock has declined 21.7% this year.

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