The release of proposals by President Barack Obama to push ahead with the regulatory overhaul
of the US financial system, including giving the Federal Reserve increased power to guard against future meltdown will urge increasing capital and liquidity requirements for all financial
Miuccia Prada is entirely in charge of the companies creative decision and keeps tight control on
the retail activities. In 1996, Prada had sales worth of $746 million in retailing. This figure is
believed to rise by 60% in 1997.
The idea behind Obama's proposal is to create a new way to seize and unwind troubled large
firms as Prada to avoid the haphazard approach to crises. The spree such as acquisitions put
Prada deep into debt and considered selling its Sander and Helmut Lang brands in 2004.
As Prada products are said to be the most prominent examples of a new form of inward-directed
luxury and Prada operates about 250 stores in 65 countries, Madonna's celebrated Sticky &
Sweet Tour became the number-one highest grossing tour of any solo artist ever- with Madonna
playing before 2,350,282 fans and selling over the mark of 400 million dollars in tickets.
To guard against the risky behaviour, Guy Oseary, Madonna's manager, was the only individual
permitted to take photographs both on and backstage on the landmark Sticky & Sweet Tour