Prada is a luxury fashion brand that has been around since 1913. The brand is known for its high-quality products and innovative designs. However, many people are unaware of who actually owns Prada.
Who Owns Prada?
Prada is owned by the Prada Group, which is a publicly traded company based in Italy. The group was founded by Mario Prada in 1913 and was initially a leather goods company that specialized in creating luxury travel items such as trunks, suitcases, and handbags.
In 1978, the company was taken over by Mario’s granddaughter, Miuccia Prada. Under her leadership, the company shifted its focus to fashion and began producing clothing and accessories. Today, the Prada Group owns several other brands including Miu Miu, Church’s, Car Shoe, and Pasticceria Marchesi.
The History of Prada
Prada was established in Milan in 1913 by Mario Prada. Initially, the business focused on producing luxury leather goods such as trunks and suitcases for wealthy customers. The business grew quickly and soon became one of the most successful luxury brands in Italy.
In the 1970s, Miuccia Prada took over the business from her mother Luisa. She began working with Patrizio Bertelli who eventually became her husband and business partner. Together they expanded the brand into fashion with their first ready-to-wear collection debuting in 1989.
Since then, Prada has become one of the most influential brands in fashion history with collections that often set trends rather than follow them.
The Brands Owned by The Prada Group
The Prada Group owns several other luxury brands besides their flagship label including:
- Miu Miu: A women’s clothing line launched by Miuccia Prada in 1992. Miu Miu offers high-end clothing and accessories that are more affordable than Prada.
- Church’s: A luxury footwear brand founded in 1873 in Northampton, England.
The brand is known for its handmade shoes made from the finest leather.
- Car Shoe: A shoe company specializing in driving moccasins that was acquired by Prada in 2001.
- Pasticceria Marchesi: A Milanese bakery and pastry shop that was founded in 1824. The Prada Group acquired the business in 2014 and has since expanded it to include three locations.
In Conclusion
Prada is a luxury fashion brand that is owned by the publicly traded Prada Group. The company was founded by Mario Prada in 1913 and has since become one of the most influential brands in fashion history under the leadership of Miuccia Prada. Additionally, the Prada Group owns several other luxury brands including Miu Miu, Church’s, Car Shoe, and Pasticceria Marchesi.