With Prada IPO on the Horizon, a Look at Other Public Luxury Goods Companies
Prada, the iconic fashion house based in Milan, Italy, is preparing a $2 billion initial public offering in Hong Kong, according to a filing. The company expects to hit a profit of at least $215 million for the six months through June, likely boosting expansion and renovation of its stores when its IPO takes place.
Here's a look at other publicly available companies that specialize in luxury goods:
LVMH Moet Hennessy Louis Vuitton SA (EPA: MC). Owns a number of luxury labels, including Louis Vuitton, Fendi, Marc Jacobs, TAG Heuer, and Moet Champagne. Market capitalization of $58 billion.
Christian Dior SA (EPA:CDI). A French luxury clothing and retail company. Owns a number of brands and product lines. Market capitalization of $19 billion.
Tiffany & Co. (NYSE: TIF). Tiffany's sells fine jewelry and other items through its online store and retail outlets. Market capitalization of $9 billion.
Polo Ralph Lauren Corporation (NYSE: RL). Ralph Laurn designs, markets and distributes a number of products, including men's, women's and children's apparel, accessories, fragrances and home furnishings. Market capitalization of $11 billion.
Fiat SpA (BIT: F). Though the company primarily sells economy vehicles, it also owns Ferrari and Masserati. Market capitalization of $9 billion.
Hermes International SCA (EPA: RMS). French-based luxury retail company. Designs and sells leather goods, silk goods and textiles, perfumes, clothing and accessories, tableware and others. Market capitalization of $19 billion.
Volkswagen AG (PINK: VLKAY). Like Fiat, Volkswagen is largely an economy vehicle company. But it also owns Bentley and Audi, plus a 49% stake of Porsche. Market capitalization of $78 billion.
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