Is Prada Under Luxottica?

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If you’re a fashion enthusiast, you must have come across the luxurious brand Prada at some point. Prada is an Italian luxury brand that specializes in leather goods, fashion accessories, and apparel.

It was founded in 1913 by Mario Prada and has since then become a household name in the fashion industry. However, there has been a lot of speculation over the years regarding its ownership and whether it falls under Luxottica or not.

What is Luxottica?

Before we delve deeper into the topic of whether Prada is under Luxottica or not, let’s first understand what Luxottica is. Luxottica is an Italian eyewear conglomerate that designs, manufactures, and distributes eyewear for luxury brands such as Ray-Ban, Oakley, Chanel, and Versace. It was founded in 1961 by Leonardo Del Vecchio and has its headquarters in Milan.

Is Prada Under Luxottica?

The simple answer to this question is no; Prada is not under Luxottica. While both companies are based in Italy and operate in the luxury fashion industry, they are separate entities with different ownership structures.

Prada Group is listed on the Hong Kong Stock Exchange (HKSE: 1913) and comprises several brands such as Miu Miu and Church’s. Miuccia Prada owns 80% of the shares of Prada Group while Patrizio Bertelli owns the remaining 20%. On the other hand, Luxottica Group (MTA: LUX) is also listed on the Milan Stock Exchange (Borsa Italiana) and has a different ownership structure.

Conclusion

In conclusion, while both Prada and Luxottica are luxury brands based in Italy with a significant global presence, they are not under the same ownership structure. The speculation regarding their relationship can be attributed to the fact that Luxottica has collaborated with several luxury brands over the years, including Chanel and Versace.

However, Prada has not been one of them. As a Prada enthusiast or someone interested in the fashion industry, it’s important to get your facts right and not fall prey to rumors or speculation.

Further Reading:

If you’re interested in learning more about the fashion industry and luxury brands, here are some articles that might interest you:

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