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Prada CEO says no plans to sell, son may head group one day

Reuters  |  VALVIGNA, Italy 

VALVIGNA, (Reuters) - ruled out that the family who controls Italy's biggest luxury goods group could sell down its stake and said his son may one day the company.

"is getting ready to become one day - if he wants to - the of Prada," Bertelli said.

"We're not selling, we'll never sell," he said in answer to a question, adding "really crazy" prices meant there were no acquisitions in sight either.

(Reporting by and Silvia Ognibene, editing by Francesca Landini)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 08 2018. 17:21 IST