Related
Is Prada’s HK IPO too pricy? 
Lagerfeld presents Chanel cruise collection 
Hong Kong’s elite picks Leung as new leader 
Chinese tourists snap up luxury goods in Spain 
Crisis misses luxury groups Prada has moved a step closer to its planned 1.4 billion euro initial public offering of shares in Hong Kong.
The Italian luxury goods company has reportedly received the go-ahead after a meeting with the Hong Kong Stock Exchange’s listing committee.
The IPO would be the first for an Italian firm in Hong Kong.
Companies in that sector want to list there as sales of luxury items have surged in China in recent years
China will account for 20 percent of the global luxury market by 2015, with spending in the country around 19 billion euros ($27 billion) by that year according to consulting firm McKinsey & Co.
The fashion house has about a third of its 326 directly operated stores in Asia-Pacific, its fastest-growing market.
More about: China, Fashion, Hong Kong, LuxuryCopyright © 2012 euronews
JavaScript is required in order to view this article’s accompanying video
Top Stories
Haneke scoops Cannes Palme d'Or
Austrian director Michael Haneke has won the Cannes film festival’s top prize. He scooped the Palme d’Or for his film “Love” – the tale of an elderly couple facing the inescapable, yet…
Syrian government blames rebels for Houla massacre
International outrage is mounting over a massacre in Syria that has left more than 100 people…
Mali: Rebel groups agree to creation of Islamic state
Two Rebel groups have agreed to merge and create an independent Islamic state in Northern…
Corporate news
Aramco, Sumitomo plan petrochemical expansion- Nissan’s electric jobs promise for Spain
- Fees setback for MasterCard
- Air France-KLM talks job cuts with unions
- Sharing turns to suing over Facebook IPO
- Call it Miat or Fazda, it’s definitely sporty
- Bankia’s black hole to be plugged
- Yahoo cashes in Chinese stake
- Ryanair issues profits warning for 2013
- Writing on wall for Opel’s Bochum plant
euronews on facebook
