Fashion house Prada would see its debt fall to 650 million euros by year's end thanks to various-sell offs, chief executive Patrizio Bertelli predicted on Thursday. The label, which posted a debt of EUR770m a year ago after a spate of acquisitions in the 1990s luxury boom, has already offloaded real estate, an eyewear firm and 45 per cent of shoemaker Church's this year to lower debt.