PRADA SPA ANNOUNCES A NEW EXEC

italy - well, it's looking like that much discussed ipo of prada will be happening. just for some background, prada, currently a privately/family owned company, is now planning to go public. this means shares of the company will be offered on the italian stock exchange. (imagine not just owning a bag, but a piece of the firm. how fab!) there's been lots of back and forth, but a new development points to this happening for real. carlo mazzi has been appointed as executive vid president of the milan-based luxury label. mazzi has been with prada for the past four years as a financial advisor and his new role will fit within the company quite nicely once they go corpoate.