Two legal stories from fashion world to report.
First, Prada had a stellar year in 2010 and it appears to be close to listing itself on the Hong Kong Stock Exchange. Women's Wear Daily reports that Prada's initial public offering would consist of a 20-percent stake that values the company at $9.5 billion, but per the Hong Kong listing authorities, the label isn't allowed to talk to the press about it until they've been approved.
Next up, Jimmy Choo wants to buy back Jimmy Choo. Fashionista reports that Jimmy Choo doesn't own his namesake label and actually hasn't been involved for more than 10 years. Instead, a UK private equity firm, TowerBrook, owns the majority of the company. Tamara Mellon, co-founder/chief creative officer, also owns 15% of the business. If Choo is successful, this could create major shifts within the brand as Choo’s ownership of the company would almost certainly alienate Mellon.
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