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Message: <blockquote data-quote="cheapclothing" data-source="post: 7836782" data-attributes="member: 292610"><p>In 1997, <a href="http://www.wholesale2wd.com/china-cheap/Prada-T-Shirts-218_p1.html" target="_blank">Prada</a> posted the revenue at US$674 million.[4] Another store in Milan opened that same year. According to the Wall Street Journal, Bertelli smashed the windows of the store a day before the opening, after he had become deeply unsatisfied with the set-up.[4] Prada also acquired shares in the Gucci group, and later blamed Gucci for "aping his wife's designs."[4] In June 1998, Bertelli gained 9.5% interests at US$260 million.[4] Analysts began to speculate that he was attempting a take over of the Gucci group. The proposition seemed unlikely, however, because Prada was at the time still a small company and was in debt. Funding Universe states that "At the very least, Prada had a voice as one of Gucci's largest shareholders (a 10 percent holding would be required for the right to request a seat on the board) and would stand to profit tidily should anyone try to take over Gucci."[4] However, Bertelli sold his shares to Mo?t-Hennessy ? Louis Vuitton chairman Bernard Arnault in January 1998 for a profit of US$140 million.[4] Arnault was in fact attempting a take over of Gucci. LVMH had been purchasing fashion companies for a while and already owned Dior, Givenchy, and other luxury brands. Gucci, however, managed to fend him off by selling a 45$stake to industrialist Fran?ois Pinault, for US$3 billion.[4] In 1998, the first Prada menswear boutique opened in Los Angeles</p></blockquote><p></p>

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