Fashion house Prada seeks to raise €1bn through shares sale in Milan

A model in s Prada black strapless dress.

Prada is considering seeking at least €1bn from a second listing in Milan, people familiar with the matter said, as the Italian fashion house looks to diversify its investor base away from Hong Kong.

The Milanese maker of luxury clothing, fragrances and accessories is working with Goldman Sachs on preliminary preparations for a potential offering, according to sources. A listing would likely take place next year, they said.