Have you ever wondered if Prada, the luxury fashion brand, is publicly owned? Let’s dive into the company’s ownership structure to find out.
Prada’s History
Prada was founded in 1913 by Mario Prada as a leather goods shop in Milan, Italy. The brand gained popularity in the 1980s and 1990s for its minimalist designs and high-quality materials.
Current Ownership Structure
Prada is publicly traded on the Hong Kong Stock Exchange under the ticker symbol 1913. The company went public in 2011 and raised $2.14 billion in its initial public offering (IPO).
The Prada family still owns a significant portion of the company’s shares. Miuccia Prada, Mario Prada’s granddaughter, is the current co-CEO of the brand along with her husband Patrizio Bertelli.
Major Shareholders
According to Prada’s latest annual report, as of March 31, 2020, Miuccia Prada held approximately 13.6% of the company’s shares while Patrizio Bertelli held approximately 12.6%. Other major shareholders include:
- BlackRock Inc. – 5.15%
- The Vanguard Group – 1.68%
- Morgan Stanley – 1.60%
Conclusion
In summary, while Prada is publicly traded on the Hong Kong Stock Exchange, it is still partially owned by the Prada family including co-CEO Miuccia Prada and her husband Patrizio Bertelli. As with any publicly traded company, ownership can change over time as investors buy and sell shares.
So there you have it! Next time someone asks you if Prada is publicly owned, you’ll know the answer.