Prada Group's Lorenzo Bertelli: "From the very beginning, my father believed in the importance of owning our own factories."

Lorenzo Bertelli , 37, the eldest son of fashion designer Miuccia Prada and industrialist Patrizio Bertelli, is set to take up his new post as executive chairman of Versace once the deal with Prada is finalised on December 2. In April, Prada agreed to acquire Versace from US-based Capri Holdings Ltd. for about €1.25 billion ($1.45 billion), the largest acquisition in the Prada Group’s 112-year history. The brand brings a distinct aesthetic to Prada’s portfolio and paves the way for the creation of a larger Italian player, potentially better placed to compete globally with rival luxury groups.

Meanwhile, from 2019 to the end of 2024, the Prada Group has invested a total of more than €200 million to enhance the company’s industrial infrastructure. In 2024 alone, the Milan-based company