Percorso:ANSA.it > ANSA English > News

Prada family holdings to be transferred to Italy

'Fits our desire to invest in Italy' says CEO

20 December, 17:47
Prada family holdings to be transferred to Italy (ANSA) - Milan, December 20 - Prada Chief Executive Patrizio Bertelli on Friday confirmed that, in agreement with the Italian revenue agency, Prada Holding and other companies owned by Bertelli, his wife and head stylist Miuccia Prada, and her two brothers are being transferred from The Netherlands and Luxembourg to Italy.

"It is a decision that is coherent with our desire to invest in Italy," Bertelli said.

Prada Holding owns 80% of the Prada Group, while 20% is listed on the Hong Kong stock exchange.

ALL RIGHTS RESERVED © Copyright ANSA