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Italy's luxury brand Prada paves way for family succession - CEO

Reuters  |  VALVIGNA, Italy 

VALVIGNA, Italy (Reuters) - Prada Chief Executive Patrizio Bertelli said on Friday his family would not sell its 80 percent stake in Italy's biggest luxury goods group and said his son Lorenzo may one day head the company.The Milan-based firm is run by the husband-and-wife team of Patrizio Bertelli and designer Miuccia Prada, whose grandfather founded the label in 1913. The couple's eldest child Lorenzo, 30, joined Prada to run its digital communications last year, the company confirmed this week following a Bloomberg report. Bertelli said his son was being prepared to take over. "Lorenzo is ...

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First Published: Fri, June 08 2018. 18:51 IST
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