Italian luxury goods company Prada SpA denied a press report on the possible sale of a minority stake to Swiss Compagnie Financiere Richemont SA (CFR.VX), a spokesman said Tuesday.

"Prada strongly denies it is in talks over the sale of any stake to Richemont," the spokesman said.

According to a press report Richemont SA, maker of the Cartier brand, is in talks with the Milan-based fashion house on a possible deal to buy about a third of Prada's capital.

According to people with knowledge of the situation in December Prada creditor banks -- that include Intesa Sanpaolo (ISP.MI) and UniCredit (UCG.MI) -- signed an agreement to postpone the payment of part of its multi-million debt to 2012.

-By Sabrina Cohen, Dow Jones Newswires, +39 02 5821 9906; sabrina.cohen@dowjones.com
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