The Prada brand is one of the most recognized luxury fashion brands in the world. Known for its high-end fashion products, including clothing, handbags, shoes, and accessories, Prada has become synonymous with luxury and sophistication. But who exactly owns the Prada brand?
Prada’s History
To fully understand who owns the Prada brand, let’s first take a look at its history. The company was founded in Milan in 1913 by Mario Prada and his brother Martino as a leather goods shop. The company grew slowly over the years until it was taken over by Mario’s granddaughter, Miuccia Prada, in 1978.
Since then, Miuccia has transformed the company into a global luxury fashion powerhouse. Under her leadership, Prada has expanded into new markets such as Asia and has also acquired other luxury brands such as Miu Miu.
The Ownership Structure of Prada
Now that we have some background on the history of Prada let’s take a closer look at who actually owns the brand today.
Prada is privately owned by two shareholders: Miuccia Prada and Patrizio Bertelli. Miuccia owns 80% of the company while Patrizio owns the remaining 20%.
Patrizio Bertelli is also the CEO of the company and oversees day-to-day operations. He is known for his business acumen and has been credited with much of Prada’s recent success.
Conclusion
In conclusion, while many luxury fashion brands are owned by large conglomerates or publicly traded companies, Prada remains privately owned by its founders’ family members. Miuccia and Patrizio have successfully grown the business into a global powerhouse while maintaining tight control over its operations and strategy.
So there you have it – now you know who owns one of the most iconic luxury fashion brands in the world.