Prada is one of the most iconic luxury fashion brands in the world. Founded in Milan, Italy, the brand has become synonymous with high fashion and sophistication. But who actually owns Prada?
The Prada Family
The Prada family is the original founder and owner of the brand. Mario Prada founded the company in 1913 as a leather goods shop that sold bags, trunks, and other items for travelers. The business was passed down to his daughter, Luisa Prada, and then to her daughter, Miuccia Prada.
Miuccia Prada
Miuccia Prada is the current co-CEO and lead designer of the brand. She took over from her mother in 1978 and transformed the company into a global fashion powerhouse. Miuccia’s innovative designs have earned her numerous awards and accolades within the industry.
Did You Know?
Miuccia was originally a political science student before joining her family’s business.
Patrizio Bertelli
Patrizio Bertelli is Miuccia’s husband and also serves as co-CEO of Prada. He joined the company in 1978 when he began working with Miuccia to expand their product offerings beyond leather goods. Bertelli is known for his business acumen and has helped lead the company through numerous successful ventures.
The Holding Company
Prada is owned by a holding company called Prada Group S.p.A., which was founded in 1984. The holding company also owns other luxury fashion brands such as Miu Miu, Church’s, Car Shoe, and Pasticceria Marchesi.
Public Offering
In 2011, Prada Group S.A went public on the Hong Kong Stock Exchange. The initial public offering (IPO) raised over $2.1 billion, making it one of the largest in fashion history.
Despite going public, the Prada family still holds a majority stake in the company.
Conclusion
Prada is owned by the Prada family and operated by Miuccia Prada and Patrizio Bertelli. The brand is part of a larger holding company that also owns other luxury fashion brands.
Despite going public in 2011, the Prada family still holds a majority stake in the company. With its innovative designs and global reach, Prada is sure to remain a fashion icon for years to come.