Prada says Milan listing still on the table — but won’t commit until timing is ‘six months away’

Luxury Italian brand Prada still plans to become a dual-listed company but won’t commit until its listing date is “six months away,” the firm’s CFO Andrea Bonini told CNBC’s Charlotte Reed in an exclusive interview.

Speculation about a possible dual listing, with the group currently listed on the Hong Kong Stock Exchange, has persisted since 2022, when Prada’s Paolo Zannoni told Bloomberg it was an option but not a priority.

Now, Bonini said such a move “will be the right thing to do at some point.”

“We continue to believe it is the right thing to do. We will not commit to a timeline until that timeline is six months away,” he added.

Luxury stocks broadly experienced a slowdown after a Covid-19 pandemic-fueled boom and a plateau in Chinese traction. Bonini said that he sees the sector “stabilizing,” meaning a resurgence in consumption could be on the cards.