Share |

Prada

November 29, 2021

Heir Lorenzo Bertelli vows to keep Prada in the family, ‘Self-understanding’ mission statement for Bahlsen push in US, Gautam Adani says climate change policies must be equitable and pragmatic.

Heir Lorenzo Bertelli vows to keep Prada in the family

Lorenzo Bertelli, heir apparent to Prada, promises to keep the Italian luxury fashion group under family control when he succeeds his father in three years’ time.

FB Roundup: Exor, Ermenegildo Zegna, L Brands

July 23, 2021

Agnelli family’s Exor linked to Armani, Zegna family lists luxury group via $3.2 billion SPAC, Les Wexner distances from L Brands with $2.2 billion share sale.

Agnelli family’s Exor linked to Armani

The Agnelli family that made its fortune in the Italian auto industry is expanding its interests in luxury goods with apparent overtures to Armani, only months after acquiring a quarter-stake in Christian Louboutin.

Agnelli scion John Elkann (pictured left), 45, the billionaire chairman and chief executive of Exor, the family-controlled holding company, has been in talks with fashion designer Giorgio Armani, Reuters reported.

Italian family business reputations largely unscathed by Prada tax probe

October 2, 2014

The reputation of Italian family businesses will escape unscathed despite news of yet another high-profile family being hit by allegations of tax avoidance, according to a family business academic.

The reputation of Italian family businesses will escape unscathed despite news of yet another high-profile family being hit by allegations of tax avoidance, according to a family business academic.

This week, family-owned Prada announced that its two chief executives, Miuccia Prada and Patrizio Bertelli, are under investigation for inconsistent tax filings during the decade their holding company was based in Luxembourg.

Family business roundup: Lego and Prada post big profits, Walmart reflects on a solid year

February 22, 2013

It has generally been a strong week for family business results, with Lego and Prada posting impressive profits for 2012, while Walmart reported solid growth.

Lego
In the face of sluggish economic recovery in Denmark, the toymaker famous for making billions of small, coloured bricks every year has posted outstanding results for 2012.

Family business roundup: Revenues jump at Prada and H&M, drop at Fiat

October 1, 2012

From British car dealer Arnold Clark Automobiles to fashion retailers Hennes & Mauritz and Prada, a number of family businesses in Europe have recently posted positive financial results, while Italian carmaker Fiat has seen its sales in the continent drop.

Glasgow-based Arnold Clark, which is controlled by the founding Clark family, said on 28 September that its 2011 profits rose by 2.4% to £51.7 million (€64.7 million), compared to £50.5 million in 2010.

Family Business Roundup: Prada, DKSH, UOB, Aboitiz, Campari post gains, profits down at Molson Coors

August 8, 2012

It’s been a week of ups and downs for family businesses as Singapore’s United Overseas Bank and the Philippines’ Aboitiz Equity Ventures registered half-yearly double-digit profit growth, while Prada, DKSH and Campari posted healthy revenue gains for the same period on the back of their Asian businesses.

Fashion and the family in Italy

July 12, 2012

When it comes to fashion, few countries get it as right as Italy. CampdenFB looks at some of Italy’s better-known family-controlled fashion houses – and the important role of the family within them.

When it comes to fashion, few countries get it as right as Italy. After all, the country has given rise to such iconic brands as Armani, Prada, Gucci and many, many more.

Family business roundup: Cheers to growth at Remy Cointreau and Prada

June 12, 2012

Crisis or no crisis, French family-controlled drinks-maker Remy Cointreau has reported annual revenues of more than €1 billion for the first time in its history, while luxury goods group Prada has seen net income for the first quarter shoot up by more than 100%.

Paris-based Remy Cointreau, behind brands such as Remy Martin cognac and Mount Gay rum, said preliminary sales for the year ending 31 March rose by 13% to €1.02 billion. It had a turnover of €907.8 million in the previous fiscal year.

Family business roundup: Expansion in Asia or Europe?

May 24, 2012

At a time when the eurozone crisis shows no sign of abating, family businesses such as America Movil, Prada and LVMH are giving mixed signals about their expansion plans.

According to Carlos Slim Domit, co-chairman of Mexican telecommunications group America Movil, now is a "good moment" to invest in Europe because of the continent's ongoing debt crisis.

Prada dresses Italy’s Olympic sailing team

April 6, 2012

Everyone knows Italians take fashion seriously. So it should come as no surprise that the country’s national sailing team will wear clothing designed by one of Italy’s most famous fashion houses at the Olympic Games in London this summer.

Family-controlled Prada announced this week that it will create the outfits for both the athletes and the technical staff, as part of its sponsorship agreement with Federvela, the Italian sailing federation.