Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries.
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Pedestrians pass a Prada SpA store in Milan.
Swetha Gopinath and
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.