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Prada is Seeking at Least $1 Billion in New Milan Listing

  • Fashion house looking to raise funds by selling new shares
  • Prada working with Goldman Sachs on dual listing plan
Pedestrians pass a Prada SpA store in Milan.

Pedestrians pass a Prada SpA store in Milan.

Photographer: Alessia Pierdomenico/Bloomberg

Prada SpA is considering seeking at least $1 billion from a second listing in Milan, people familiar with the matter said, as the Italian fashion house looks to diversify its investor base away from Hong Kong.

The Milanese maker of luxury clothing, fragrances and accessories is working with Goldman Sachs Group Inc. on preliminary preparations for a potential offering, according to the people, who asked not to be identified discussing confidential information. A listing would likely take place next year, they said.