Prada unveils its panettone gamble

Last month, Prada announced that it had bought an 80-percent stake in Angelo Marchesi Srl, the parent company of a famous Milanese eatery, Pasticceria Marchesi, for an undisclosed sum. A year earlier, Prada had lost out to LVMH in a race for the purchase of a famous Milanese coffee house, ...

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