Prada family to plan for drama-free succession

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The story "Prada family to plan for drama-free succession" was covered 5 days ago by The Star, a news publisher based in Malaysia.

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The Star 5d ago

Prada family to plan for drama-free succession - The Star

Quick Summary:

MILAN: After transforming a small leather shop in Milan into a US$19bil luxury empire, Miuccia Prada and Patrizio Bertelli have taken the first steps on a long-term path to secure the future of Prada SpA.

To gird against that fate, Miuccia – dubbed internally as “La Signora” – has preemptively transferred ownership of almost all her shares in key entities, according to Italian filings.

Succession is a critical issue for Italian family-owned businesses like Prada, and it’s not typical that founders take action, especially when they remain heavily involved.