fashion-features
fashion-features

Prada Increases Stake In Helmut Lang to 100% To Speed Brand’s Growth

Prada has agreed to increase its stake in Helmut Lang to 100 percent by buying the 49 percent it didn’t already own from the designer.

Prada amassed its debts in buying not just Helmut Lang and Jil Sander but also brands such as Azzedine Alaïa, Genny, Car Shoe and Church’s, the latter of which it sold control of to Swiss firm Equinox. Prada’s net debt at the end of 2003 stood at 675 million euros, or $836.80 million.

— With contributions from Miles Socha and Robert Murphy, Paris
Page:  « Previous
VIEW ARTICLE IN ONE PAGE
load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
News from WWD
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

LatestPublications
getIsArchiveOnly= hasAccess=false hasArchiveAccess=false