I cannot imagine that a company as big as Prada would find themselves in such a rut that they would actually need to have an extension on their loan.The Luxury brand company would surely not have to scramble for money too quickly, as earlier this summer, some of the debt of the Italian fashion house had sought to be renegotiated.
This had been in order to have cash ready for then to be able to create stores and what have you. The brand is now investing in its expansion, as lenders have all agreed.
Link: Prada Gets Loan Extension
