It’s been a good year for three European family businesses – Italian fashion group Prada and Turkish conglomerate Sabanci Holding both posted double-digit growth, while Folli Follie in Greece saw its profits rise despite the country’s “severe recession”.
Milan-based Prada, which was founded in 1913 by brothers Mario and Martino Prada, said on 29 March that EBITDA jumped 41.7% in 2011 to €759.3 million, from €535.9 million the previous year.