Prada signs loan with rates linked to sustainability

, Prada signs loan with rates linked to sustainability, TheCircularEconomy.com

Prada Group has signed what is billed as the first business loan in the luxury goods sector linking the annual interest rate to practices that help the environment. Prada said Tuesday that the five-year, 50 million-euro ($55-million) loan with Credit Agricole Group will see interest rates lowered based on “achievement of ambitious targets related to sustainability.”

Source: cpp-luxury.com

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