Prada taschen parda farm stays Subscription era handbags listed in early December, two percent

 
Press release online 2011/11/16) According to Hong Kong media reports, the main designer handbags OEM Times Group (new listing No. ︰ 01023) plans to go public, pass by the luxury brand Prada (01913) and venture capital fund IDG shares Supporter.
According to the Hong Kong Economic Times reported, the main designer handbags OEM Times Group (new listing No. ︰ 01023) plans to go public, the pass was the luxury brand Prada (01913) and venture capital fund IDG shares Supporter.
News: Prada era of relations

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According to Reuters's IFR reported, Prada taschen has agreed to purchase the era is to be issued shares of 19.6% and IDG will subscribe for 22%.
The sources told this newspaper that, Prada times shares era of individual cases., "Prada times a good relationship, so the the Prada willing to support the listing of the era." Prada vice chairman Carlo Mazzi earlier received local media interviews, has said not the acquisition of the supplier, the need to maintain the flexibility of production due to the company outsourced.
Listing prospectus in early December next Thursday
The message also stressed Prada to maintain focus on retail strategy unchanged, "Prada does not buy the plant, will not invest in other shares, Prada future hold times equity are not more than 5%. Era and Prada's spokesman declined to comment on the stake in the issue.

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The IPO Market sentiment various small new shares have to strike first. According to sources, plans to raise $ 150 million (about HK $ 1.17 billion) era, will be roadshows, November 21 (next Monday) to the 24th (next Thursday) at the Hong Kong public offering, if the process is smooth fastest listed at the beginning of December. Bank of America Merrill Lynch to stock underwriting row.
In addition to Prada, the Times Group is also COACH, Michael Kors, Lacoste and many international luxury brands foundry, and over a decade of cooperation between and among the many customers. The company also acquired early Italian brand Tuscan's Greater China business marketing rights and sales was to start in Shanghai and other places, will be considered in the future acquire more brand self.
As of the last financial year, the annual sales of the times for the 12 million leather handbags, the foundry market in the global luxury leather goods, the company's market share of 5%, leading the industry.
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