Is Prada Owned by Luxottica?

Prada is a popular Italian luxury fashion brand known for its exquisite craftsmanship and innovative designs. The brand is renowned for its high-end fashion accessories, including eyewear.

There have been rumors that Prada is owned by Luxottica, a leading eyewear manufacturer. In this article, we will explore whether these rumors are true.

Who is Luxottica?

Luxottica is a well-known Italian eyewear company that was founded in 1961. It has since grown to become the world’s largest eyewear company, controlling over 80% of the global eyewear market. Luxottica owns several popular brands such as Ray-Ban, Oakley, and Persol.

Is Prada Owned by Luxottica?

No, Prada is not owned by Luxottica. However, the two companies do have a long-standing partnership that dates back to 2003 when they signed an agreement to produce and distribute luxury eyewear under the Prada brand name. Since then, Luxottica has been responsible for producing and distributing Prada’s eyewear collection worldwide.

What Does This Partnership Mean for Consumers?

This partnership between Prada and Luxottica has resulted in some of the most stylish and innovative eyewear designs on the market today. Consumers can expect high-quality materials, excellent craftsmanship, and attention to detail when purchasing Prada eyewear.

The Future of Prada Eyewear

In 2018, Prada announced that it had signed a new agreement with another Italian eyewear company called Safilo Group. This new agreement will see Safilo take over from Luxottica as the manufacturer and distributor of Prada’s eyewear collection from January 2019.

Conclusion

While rumors may suggest that Prada is owned by Luxottica, this is not the case. However, the two companies have had a long-standing partnership that has resulted in some of the most innovative and stylish eyewear designs on the market today. With a new partnership with Safilo, Prada’s eyewear collection is set to continue to impress consumers with its quality and design.