Prada is one of the most iconic fashion houses in the world. Founded by Mario Prada in Milan, Italy, in 1913, it has been known for its luxurious and high-quality products.
Today, Prada is still a major player in the fashion industry and has a loyal fan base around the world. But who owns this prestigious brand now?
After many years of being a family-owned business, Prada was taken public on the Hong Kong Stock Exchange in 2011. The move was seen as a way for the company to raise funds for future expansion and invest more in its infrastructure.
The majority shareholder of Prada is now a holding company called Prada Holding BV. This company is owned by Miuccia Prada (the granddaughter of Mario Prada) and her husband Patrizio Bertelli. Together, they own around 80% of the shares in the company.
Miuccia Prada is not only an owner but also the creative director of Prada. She took over from her mother as head designer in 1978 and has been instrumental in shaping the brand into what it is today. Her husband Patrizio Bertelli serves as CEO of the company and has been credited with expanding its global reach.
Despite their success, Miuccia and Patrizio have faced criticism from some shareholders who feel that they have too much control over the company. In 2014, they were sued by a minority shareholder who accused them of mismanaging funds and failing to disclose information about their bonuses.
However, despite these challenges, there’s no denying that Miuccia Prada and Patrizio Bertelli have been instrumental in maintaining Prada’s reputation as one of the world’s top luxury brands.
In conclusion, Miuccia Prada and Patrizio Bertelli are currently the owners of this iconic fashion house. They have worked tirelessly to maintain its position at the forefront of the industry and have been successful in doing so. While they may face challenges from time to time, it’s clear that Prada is in good hands under their leadership.