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Reuters scoops Prada IPO

Reuters scoops Prada IPO

Reuters scooped competitors on Jan 27 with news that the board of Italian fashion house Prada, one of the worlds best-known luxury brands, had approved a long-awaited IPO in Hong Kong. The source-based story was unmatched by competitors Bloomberg, Dow Jones and Italian news agencies Ansa and Agi for more than two hours, until the company confirmed it in a statement. Reuters was also ahead of Ansa by six minutes and again unmatched by Bloomberg and Dow Jones on Jan 21, when it revealed that Pradas board would meet on Jan 27 to discuss the IPO. The story was picked up by the Financial Times, with credit to Reuters Milan.

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