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Financial Action Prada

PRADA responded coldly to the news about acquisitions made tycoon from China, Lu Qiang, owner of factory outlet home network Shanghai Foxtown. In contrast, the Italian fashion house is just a financial action to ensure the Prada fashion house will still be controlled by the family.
Financial action is completed negotiations for 360 million euro loan, which will be used to cover the company owed creditors and retail development.

"We have a very positive performance Prada, especially for the sales growth," said Prada Intercoroprate Vide President Armando Branchini the WWD.

Branchini said, with the loan, Prada will focus on the expansion of the label with plans to open 30 new stores during 2010, focusing on the Asia-Pacific region, the potential market for European labels.



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