Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

NEWS

Prada’s Lorenzo Bertelli sets out ‘soft transition’ to new leadership

By Elisa Anzolin

VENICE, Italy (Reuters) – Italian fashion group Prada is hiring former Luxottica chief Andrea Guerra to smooth the transition to the next generation of the family, Lorenzo Bertelli, son of Miuccia Prada and Patrizio Bertelli said on Tuesday.

“It is a soft transition path over the years, nothing traumatic, a normal transition at a particularly good moment for the group,” Bertelli said on the sidelines of an event in Venice.

Prada Group announced in December that Guerra would be recommended as the new CEO at a board meeting to be held on Jan. 26.

Current CEO Patrizio Bertelli, 76, will become chairman of the luxury company at its annual shareholder meeting in spring. Current co-CEO Miuccia Prada, 73, will remain creative director of the Miu Miu and Prada brands – the latter together with Belgian designer Raf Simons – and a board member.

The plan is for Lorenzo Bertelli, 34, to take over the leadership of the group at a future date.

Bertelli added that the group is still assessing the feasibility of a dual listing on the Milan stock exchange, to complement the one it has in Hong Kong.

“It is still under discussion and review, to understand whether it is possible to do it.. they are doing feasibility analyses,” Bertelli said.

He was speaking on the sideline of the presentation of a project to raise children’s awareness on the issues of sustainability and preserving the oceans.

Bertelli said that Chinese buyers were present at a men’s fashion show held this month in Milan, after being absent in recent years due to the restrictions related to the pandemic.

(This story has been corrected to clarify that the Jan. 26 board meeting will be held by Prada Group, not Prada Holding, in paragraph 3)

 

(Reporting by Elisa Anzolin; Editing by Keith Weir)

 

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts