The son of co-creative director Miuccia Prada and longtime Prada Group chairman Patrizio Bertelli has said he doesn’t expect to make any swift executive changes at Versace, although he also noted that the company, which is among the top 10 most recognized brands in the world, has long been underperforming in the market.
Prada closes purchase of fashion rival Versace for $1.4 billion, launching new era
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“This success underscores the enduring relevance of our brands, which comes from an unwavering focus on product innovation, quality, craftmanship and a unique ability to read contemporaneity,’’ said Prada Group Chairman Patrizio Bertelli.
Prada posts double-digit growth for 2024, looks to Versace acquisition
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