Italian Prada SpA (1913), an Italian maker of $2,950 leather handbags, said Miuccia Prada Bianchi will step down as the fashion company’s chairman and join her husband Patrizio Bertelli as co-chief executive officer.
According to the company, Bianchi, will concentrate on the day-to-day management of the business by devoting her time to guiding the further development of the group, mainly in the creative design and brands communications activities. Bianchi’s appointment is a natural extension of the role she has already played in the group’s development and will be beneficial to the group’s long-term growth and progress, says Prada.
Carlo Mazzi will replace her as chairman.
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