Prada Group (Italy)

The Prada empire, now worth around E1.6bn a year in sales, was built on a bag. After more than 70 years as a small leather goods business, the company was catapulted into the big league in the late 1980s when its finely woven black nylon handbags became the fashion accessory for the international style set. However subsequent attempts to build the business into a global luxury group with the acquisition of other designers have proved patchy at best. The privately owned company has repeatedly begun preparations for an IPO and then cancelled them in the wake of market turbulence or fluctuation performance. Most recently, a float planned for the end of 2008 was cancelled as a result of the sharp economic decline.

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Competitors: see Fashion & Luxury Goods Sector for other companies

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Prada	Church's
Miu Miu	Car Shoe

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