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Prada's Debt Solution

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How is Prada $1.4 billion in debt? Well, never mind. At least it has a way out of the red—the long-rumored soon-to-be-happening IPO. The Cut reports: "It hasn't happened yet, but the couple is now considering putting some shares up for sale next year in Hong Kong, that part of the world every luxury company is focusing on. Selling shares would help Prada pay off its debt, which is about $1.4 billion, which is greater than the GDP of Belize and lots of other countries." [The Cut]