Prada is a luxury fashion brand that has been around since 1913. It was founded by Mario Prada and his brother Martino in Milan, Italy. Since then, it has become a household name in the fashion industry and is known for its high-quality leather goods and accessories.
But who owns Prada right now? The answer is not as straightforward as you might think.
In 1978, Miuccia Prada took over the company from her mother, Luisa Prada. Miuccia is Mario Prada’s granddaughter and has been instrumental in turning the brand into what it is today. She’s known for her innovative designs and has won numerous awards for her contributions to the fashion industry.
Miuccia’s husband, Patrizio Bertelli, also plays a significant role in the company. He’s been the CEO of Prada since 1998 and is credited with expanding the brand globally.
Together, Miuccia and Patrizio own 80% of the company through their family holding company, IPI Srl. The remaining 20% of the company is publicly traded on the Hong Kong Stock Exchange.
Despite being a publicly traded company, control of Prada remains firmly in the hands of Miuccia and Patrizio. They have full creative control over the brand and are involved in every aspect of its operations.
In recent years, there have been rumors that Prada may be looking to sell part or all of its business. However, these rumors have been denied by both Miuccia and Patrizio.
So there you have it – while a portion of Prada is publicly traded on the Hong Kong Stock Exchange, control of the brand remains firmly in the hands of Miuccia Prada and Patrizio Bertelli through their family holding company IPI Srl.