We all love adding the odd piece of Prada to our wardrobe, but British billionaire Richard Caring has certainly found a way to one-up as all: he's looking to buy the entire company.
According to Britain's Sunday Times Caring is currently in "secret" negotiations to purchase the company, but is competing against two private equity firms.
Prada as a company is estimated to be worth approximately £1.3 billion (approximately AU$3 billion), and the company is certainly in good shape. Since jettisoning in loss-making Helmut Lang and Jil Sander labels last year profits have risen 63% seeing the fashion house earning £54 million a year.
Share:
Discussion: Click Prada up for sale to find out more, and discuss this article in our fashion forums.
First Written: 8th July 2007 at 17.49
Traditionalist and futurist are two of the labels applied to Daniel, but he's in on the joke. When it comes to fashion he's a futurist, keeping a look out for new trends and designers, and using Fashionising.com as a driving force for change in the fashion world. He's a traditionalist with most everything else, but that's the Brit in him. He says: Boots for men are severely underrated. We say: It's easy to say that when you're part of the polo set.
