Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Miuccia Prada Relinquishes Prada Chair to Join Husband as co-CEO

Prada Spring/Summer 2014 Campaign | Source: Prada
By
  • Bloomberg

MILAN, Italy — Prada SpA, an Italian maker of $2,950 leather handbags, said Miuccia Prada Bianchi will step down as the fashion company's chairman and join her husband Patrizio Bertelli as co-chief executive officer.

Prada Bianchi, 65, “will concentrate on the day-to-day management of the business by devoting her time to guiding the further development of the group, mainly in the creative design and brands communications activities,” the Milan-based company said today in a statement. Carlo Mazzi will replace her as chairman, effective today, Prada said.

Prada Bianchi’s appointment “is a natural extension of the role she has already played in the group’s development and will be beneficial to the group’s long-term growth and progress,” Prada said in the statement.

The fashion company this week reported slowing quarterly sales growth as a strong euro and softening demand in Europe and Asia stunted progress. Revenue in the 12 months through January rose 9 percent to 3.59 billion euros ($4.9 billion).

By Andrew Roberts; Editors: Paul Jarvis, Robert Valpuesta

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from News & Analysis
Fashion News, Analysis and Business Intelligence from the leading digital authority on the global fashion industry.
view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional - How to Turn Data Into Meaningful Customer Connections
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional - How to Turn Data Into Meaningful Customer Connections