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Prada SpA ( (HK:1913) ) has shared an announcement.
Prada SpA has announced the acquisition of a property in Milan from Peschiera Immobiliare for EUR 12.6 million. This connected transaction involves two buildings used for offices and showrooms, aligning with Prada’s strategic interests in prime locations. The acquisition was funded through internal resources and falls within the valuation range determined by independent appraisals, signifying the company’s focused expansion and optimization of its operational assets.
More about Prada SpA
Prada SpA is a prominent company in the luxury fashion industry, known for its high-end clothing, accessories, and footwear. The company has a strong market presence and is recognized worldwide for its innovative designs and quality craftsmanship.
YTD Price Performance: 1.54%
Average Trading Volume: 3,651
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $20.53B
For an in-depth examination of 1913 stock, go to TipRanks’ Stock Analysis page.
