By  on October 30, 2019

Prada SpA on Tuesday acquired shares in Fratelli Prada from Miuccia Prada Bianchi and Bellatrix SpA for an amount totaling 66 million euros.

The designer holds the co-chief executive officer title at the Prada company with her husband Patrizio Bertelli. The transaction has led to the termination of the franchise agreement with Fratelli Prada dated Jan. 25, 2017 and which ends on Jan. 31, 2020.

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