Miuccia Prada

Prada May Postpone IPO in an Uncertain Market

Filed under: Apparel

Earlier in the year, rumors swirled about a potential Prada IPO, divesting the company of a third of its shares and forcing the Prada family to reduce drastically its 95% stake. It's not news that the design house needs cash -- experts have criticized the house for neglecting to stake a claim in burgeoning Asian markets, and the house is in debt after a 1999 shopping spree that included Jil Sander and Helmut Lang. Enterprising CEO Patrizio Bertelli (husband to design brainiac Miuccia Prada) noted after the New Year that Prada might hit the chopping block in Milan by year's end.

And yet, Prada may need to postpone its public offering another time (it avoided an IPO following the 9/11 attacks), as experts estimate its worth at almost $2 billion less than they predicted earlier in the year. Though some hope Prada can withstand a withering economy and ride out 2008, its significant debt may make such a goal as out of reach as one of the house's iconic Fairy Bags.

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Tags: bertelli, fairy bag, FairyBag, helmut lang, HelmutLang, ipo, jil sander, JilSander, miuccia prada, MiucciaPrada, prada, prada fairy bag, PradaFairyBag, salvatore ferragamo, SalvatoreFerragamo

Depp's Girlfriend Replaces Kirsten Dunst in Miu Miu Ads

by Jared Paul Stern (RSS feed) —

Filed under: Apparel

Johnny Depp's gorgeous longtime girlfriend, French model/singer/actress Vanessa Paradis, has been chosen to replace Kirsten Dunst as the face of Miuccia Prada's sporty Miu Miu diffusion line. Paradis will appear in the label's futuristic Fall/Winter ads (right) shot by sought-after fashion photog duo Mert Alas and Marcus Piggot in Los Angeles, Vogue UK reports.

"At once a deconstruction and a pure visual composition, the campaign addresses the exploration of beauty in conjunction with intellect, imagination, and divergence," a Miu Miu rep says. Paradis has previously appeared in several ads for Chanel. She and Depp have been together for 10 years and have two children. Last year my colleague Deirdre Woolard reported that Depp had bought her a vineyard near St. Tropez.

Gallery: La Belle Vanessa Paradis