Fashion Peal - Fashion and Lifestyle Hub » 350 million euros http://www.fashionpeal.com Fashionable Living - News and Tips Thu, 06 May 2010 12:43:34 +0000 en hourly 1 Prada Talking to Banks About Debt, Exec VP says http://www.fashionpeal.com/prada-talking-to-banks-about-debt-exec-vp-says.html http://www.fashionpeal.com/prada-talking-to-banks-about-debt-exec-vp-says.html#comments Wed, 17 Jun 2009 05:41:33 +0000 Fashion Hub http://www.fashionpeal.com/?p=76 The Executive Vice President of Prada, Carlo Mazzi said on Tuesday said that the company is talking to the banks and the creditors about renegotiating its debt. According to this statement, the Financial Times on Monday reported that, one of the legends and pioneer for fashion worldwide, Miuccia Prada, also the owner of the Prada was in talks with the banks about a part of its debt as the company seeks to free up some money for its rapid store expansion.

Prada

When asked about these talks, Mazzi jus said that it was a normal activity of the company that it does for rescheduling of the finance. He did not give any further details about the talks.

With these statements and considering the experts voices, FT said that the talks were underway between the company and its creditors to reschedule the repayment of 350 million Euros that has to be paid in the summer of 2010

Source:news.yahoo

]]> http://www.fashionpeal.com/prada-talking-to-banks-about-debt-exec-vp-says.html/feed 0