Prada is one of the most popular and luxurious fashion brands in the world. Known for its high-end clothing, accessories, and fragrances, Prada has been a symbol of fashion and luxury for over a century.
But who owns this iconic brand? Let’s dive into the history of Prada to find out.
The Origins of Prada
Founded in 1913 by Mario Prada, Prada started as a small store in Milan that sold leather goods such as trunks, bags, and suitcases. The store gained popularity among aristocrats and the wealthy due to its high-quality products.
After the death of Mario Prada in 1958, his daughter Luisa took over the business. She expanded the brand’s offerings by introducing new products such as clothing and accessories. In 1978, Luisa’s daughter Miuccia joined the family business and proved to be a game-changer for the brand.
Miuccia Prada Takes Over
Miuccia not only brought her own unique vision to the brand but also helped it reach new heights of success. She introduced innovative designs that combined both luxury and functionality. Her designs became an instant hit among fashion enthusiasts all around the world.
Under Miuccia’s leadership, Prada became a global fashion powerhouse with stores in major cities worldwide. Today, it is one of the most valuable luxury brands in the world.
The Ownership of Prada
The ownership of Prada is split between two main shareholders – Miuccia Prada and her husband Patrizio Bertelli. They jointly own 80% of the company’s shares through their holding company called Finanziaria di Partecipazioni Industriali (FPI).
The remaining 20% shares are publicly traded on the Hong Kong Stock Exchange since 2011 when Prada underwent an initial public offering (IPO).
The Role of Patrizio Bertelli
Patrizio Bertelli is not only the husband of Miuccia Prada but also the CEO of the company. He has been instrumental in the growth and success of Prada. Bertelli is known for his business acumen and strategic vision, which has helped Prada expand into new markets and diversify its offerings.
In addition to his role at Prada, Bertelli is also involved in other business ventures such as sailing teams and wineries.
Conclusion
In conclusion, Miuccia Prada and Patrizio Bertelli jointly own 80% of the shares in Prada through their holding company FPI. The remaining 20% shares are publicly traded on the Hong Kong Stock Exchange. With their combined business acumen and creative vision, they have transformed Prada from a small leather goods store to a global luxury brand that is synonymous with style and sophistication.