News

Prada ditches Ferrari before bourse listing

21/05/2001

The leather goods manufacturing division of Prada Holdings, Pellettieri d'Italia (IPI), has been split into two divisions, prior to the holding group’s market listing this June.

The division now comprises Prada Industrial and another company that controls some of the Prada family's assets worth L17 billion ($7.7 million), including a Ferrari and several other luxury cars.

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