Prada to Sell Sander To London Equity Fund

[aldn]

Well, faust... From what I've read and heard, he does seem like nothing but a greedy business man while Miuccia appears to be more conservative when it comes to the company. It's her family business, and she seems reluctant to go public with it...

Like she said in an interview, it could be hard to justify the beautiful stores, or the Fondazione Prada which only costs and isn't generating any money, once they go public.

I would bet she wouldn't try to maximise profits by moving production to China...

Yes. It's all about the money if/when they go public. I would assume this is not to happen til she dies. Come on now, China.... We dont pay to see "Made in China" We pay to see "Made in Italy"

 

[Andro]

... a greedy business man while Miuccia appears to be more conservative when it comes to the company. It's her family business, and she seems reluctant to go public with it...

I would bet she wouldn't try to maximise profits by moving production to China...

I read this in an interview with Miuccia Prada and Carl Swanson in The New York Magazine after the skirt event in Soho...


courtesy of NYmag.com-
CS: Is the era of expansion over for Prada? You bought Helmut Lang and Jil Sander, and both designers ended up leaving...

MP: The era of buying companies? I think that maybe [clears throat] it was a mistake, but at the moment you have to more or less do what happens in your business. So that was a kind of common idea that it was possible to be done in the crazy optimism of that moment. In the end it’s not so easy. And also, um, it’s a very complicated subject, and I don’t know that I can say the whole truth about it. It was very difficult for everybody. If we meet privately, I will tell the truth! [Laughs]




CS:This exhibition was in Tokyo and China before this. How was it received?

MP:Very, very well, mainly in Shanghai. We did the exhibition in an old European hotel on the Bund. It’s completely dilapidated. There is a Communist room, the Russian room, the American room. The exhibition there lasted for just three or four days—they are used to going to an exhibition for just two or three days because so often they get shut down because of the controls. Also, they get bored, I think, so quickly . . . At the foundation, we’re talking to the Chinese government about a program we have to restore movies; I think they did it because we’re Prada. So I joke with my friend: Maybe we can do more politically with bags than with art. It’s a joke, but there is kind of an interesting point in this globalization argument.



CS: Do you do a lot of business now in China?

MP:We have twelve stores there. But I think it will become very big.