Patrizio Bertelli Page 1
Prada CEO (and husband to Miuccia) Patrizio Bertelli appeared on Bloomberg Television yesterday and spoke about the company’s plans to open 260 stores by 2014, pricing differences between goods sold in China and Europe, and most interestingly, his thoughts on counterfeit fashion.
You probably could have guessed that Miuccia Prada was a very rich lady, what with people all over the world running around in her stripey clothing and bedecked in her various leathergoods. But if you had to guess how many millions she makes in a year, what would you say? Five million? Ten? If you guessed that low, you’d be wrong.
Prada, the brand that successfully brought baroque minimalism to Milan’s runway last month, is carrying $1.4 billion in debt. And if you’re not a member of the Walton family or a medium size country in South America, that’s a whole lotta Italian calfskin handbags.