Prada is a famous Italian fashion brand that has been around for over a century. It is known for its high-quality products and unique designs.
However, many people are curious about the ownership of this luxury brand. Is Prada family-owned? Let’s take a closer look.
History of Prada
Prada was founded in 1913 by Mario Prada, who initially started the company as a leather goods store in Milan, Italy. The company gained popularity in the 1970s when Mario’s granddaughter, Miuccia Prada, took over the business and transformed it into a fashion empire.
The Family Ownership
Prada is indeed a family-owned business. Even though it is now a publicly-traded company, the Prada family still holds the majority of shares and has control over the management decisions.
The Prada Family Members
The company is currently run by Miuccia Prada and her husband Patrizio Bertelli, who serves as the CEO. Miuccia’s siblings, Marina Prada and Albert Prada, are also involved in the company’s operations.
- Miuccia Prada: She is the creative director of Prada and has been responsible for some of its iconic designs.
- Patrizio Bertelli: He oversees the business operations of Prada.
- Marina Prada: She manages the public relations department of the company.
- Albert Prada: He oversees the production department of the company.
Conclusion
In conclusion, yes – Prada is indeed a family-owned business. Despite being publicly-traded, it is still controlled by members of the Prada family. The family’s involvement has contributed significantly to making Prada one of the most renowned fashion brands in the world.
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