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Friday, 8 January 2010. Prada denies in talks to sell stake to Richemont. MILAN Reuters - Italian fashion house Prada is not in talks to sell a stake to Richemont CFR.VX. The worlds second-largest luxury goods group, a Prada spokesman said on Tuesday, denying a newspaper report of a possible tie-up. Citing sources, it said Richemont was expected to take a passive stake in a deal which would create a luxury powerhouse to rival Frances LVMH LVMH.PA. Prada, almost exclusively owned by Miuccia Prada .CONTENT
This web page exporttoitaly.blogspot.com states the following, "Prada denies in talks to sell stake to Richemont." We saw that the webpage said " MILAN Reuters - Italian fashion house Prada is not in talks to sell a stake to Richemont CFR." It also said " The worlds second-largest luxury goods group, a Prada spokesman said on Tuesday, denying a newspaper report of a possible tie-up. Citing sources, it said Richemont was expected to take a passive stake in a deal which would create a luxury powerhouse to rival Frances LVMH LVMH. Prada, almost exclusively owned by Miuccia Prada ."