Prada, that has been going through some hard times because of its millionaire debt, has just got a loan of US$ 450 million to boost the growth of the company. “Right now, Prada is undergoing a positive sales growth, and I believe that by 2013 the return of the company’s retail investment will outdo this loan”, stated Armando Branchini, vice-president of the group.
* The debt reached a little more than US$ 810 million and it is due to the purchase of labels like Jil Sander and Helmut Lang, among others, back in the 1990`s. However, expanding is the Prada`s main goal and they have announced that 30 more stores will open soon, focusing the Asian market.
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