Prada S.p.A. signed with Crédit Agricole Group the first Sustainability Linked Loan of the luxury goods industry. This new facility, named Sustainability Term Loan, is a EUR 50m five-years term loan which interest rate can be reduced following the achievement of targets related to: number of stores assigned of a LEED Gold or Platinum Certification; amount of training hours for the employees and the use of Prada Re-Nylon (regenerated nylon) for the production of goods.
n° 45 - 12 November 2019