Does Prada Belong to LVMH?

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If you are a fashion enthusiast, you must have heard about Prada. It is a luxury fashion brand that has been around for over 100 years and is known for its innovative designs and high-end products.

However, there has been some speculation about Prada’s ownership in recent years. Some people believe that Prada belongs to LVMH, while others disagree. In this article, we will explore this topic in detail.

What is LVMH?

LVMH stands for Louis Vuitton Moet Hennessy. It is a French multinational luxury goods conglomerate that was founded in 1987. The company owns over 70 luxury brands, including Louis Vuitton, Dior, Fendi, and Givenchy.

What is Prada?

Prada is an Italian luxury fashion house that was founded in 1913 by Mario Prada. The brand specializes in leather goods, accessories, footwear, and ready-to-wear clothing. Prada has become a symbol of luxury and sophistication over the years.

Does Prada belong to LVMH?

The answer to this question is no. While LVMH owns several luxury brands, including Louis Vuitton and Dior, it does not own Prada. The brand is still privately owned by the Prada family.

Why do people think that Prada belongs to LVMH?

There are several reasons why some people believe that Prada belongs to LVMH. One of the main reasons is the fact that LVMH has been acquiring several luxury brands over the years. This has led some people to assume that they also own Prada.

Another reason why people think that Prada belongs to LVMH is because of a failed takeover attempt by the conglomerate back in 1999. At the time, LVMH tried to acquire a majority stake in Prada, but the deal fell through.

What is the current state of Prada?

As of now, Prada is still a privately owned company. The brand has been doing well in recent years and has expanded its business to several countries around the world. In 2019, Prada reported a revenue of over €3 billion.

Conclusion

In conclusion, Prada does not belong to LVMH. While there may be some confusion surrounding this topic, it is important to note that the brand is still privately owned by the Prada family. As one of the most iconic luxury brands in the world, Prada continues to thrive and innovate in the fashion industry.

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