Clifford Chance (CC) and Italian leader Bonelli Erede Pappalardo have won advisory roles as Italian fashion group Prada eyes up a float on the Hong Kong Stock Exchange.

Prada has instructed Bonelli on the deal, which could see the label valued at as much as $8.2bn (£5.1bn). The firm is fielding a team led by Milan corporate partner Carlo Montagna, who is working alongside Sergio Erede. Stefano Simontacchi is advising on tax aspects of the transaction.