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Prada Signs Luxury’s First Sustainability-Linked Loan. Here’s What That Means.

Prada Group has secured what is being hailed as the first sustainability-linked loan in the luxury-goods industry. The Italian luxury house, which also owns Miu Miu, Car Shoe and Church’s, announced Tuesday that it has signed a five-year, 50-million euro ($55-million) financial-assistance plan with Crédit Agricole Group that will reward the “achievement of ambitious targets…

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