Business Standard

Sunday, December 22, 2024 | 07:17 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Prada CEO says no plans to sell, son may head group one day

Image

Reuters VALVIGNA, Italy

VALVIGNA, Italy (Reuters) - Prada CEO Patrizio Bertelli ruled out that the family who controls Italy's biggest luxury goods group could sell down its stake and said his son Lorenzo may one day head the company.

"Lorenzo is getting ready to become one day - if he wants to - the head of Prada," Bertelli said.

"We're not selling, we'll never sell," he said in answer to a question, adding "really crazy" prices meant there were no acquisitions in sight either.

(Reporting by Sarah White and Silvia Ognibene, editing by Francesca Landini)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 08 2018 | 5:21 PM IST

Explore News