Luxury fashion house Prada has confirmed it is still considering a dual listing but will not commit to a timeline until it is within six months of a potential listing date.

The company is currently listed on the Hong Kong Stock Exchange.

Speculation about a dual listing has persisted since 2022, when Prada first acknowledged it as an option but not a priority.

Prada’s CFO Andrea Bonini told reporters that management continues to believe a dual listing is “the right thing to do at some point.”

He added: “We continue to believe it is the right thing to do. We will not commit to a timeline until that timeline is six months away.”

Luxury stocks have broadly slowed after a pandemic-fueled boom and a plateau in the Chinese market.

Bonini noted that the sector is “stabilizing,” suggesting the possibility of renewed growth in consumption.

“The U.S. is in a good place, it’s very difficult to pick holes in U.S. performance generally,” he said.

He added that caution remains necessary, saying: “When there are elements of bubbles that fuel, you know, the exuberance, there’s always the need to be a bit cautious.”

The Prada Group has achieved 19 consecutive quarters of growth, largely driven by its youth-focused subsidiary Miu Miu.

Earlier this year, Prada acquired Versace from Capri Holdings for $1.375 billion.

Bonini suggested that consolidation in the luxury sector may continue.

Leadership changes are also underway at Prada.

Lorenzo Bertelli, the son of Miuccia Prada, will eventually take over from current CEO Andrea Guerra, though a full transition timeline has not been set.

Bonini said the simultaneous involvement of the founding family and second-generation leadership provides stability and consistency.

“We are in a very lucky situation where we have the founders and the second generation involved with the company at the same time,” he said.

He added that bringing in external leadership over the years has put Prada in a “great position.”

“First of all, I mean, it gives us stability. It gives us consistency… if you look at what has happened in the creative space over the past year, I think that having this stability and consistency is a great advantage and brings strong integrity to the brands as well,” Bonini said.

Prada’s share price has fallen 21.7% year-to-date, reflecting a broader slowdown in luxury sector performance.