Fashion house Prada set to float shares in Hong Kong

Italian fashion house Prada is having to scale back its ambitions ahead of its flotation on the Hong Kong stock exchange next week.

According to reports it's being forced to pitch its shares at the bottom end of the price range it had announced because of poor market conditions.

On Thursday luggage maker Samsonite made a lacklustre market debut in Hong Kong after scaling back its own IPO its shares fell sharply on their first day of trade.

Brian Milligan reports.