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Family-Run Prada Grooming Son to Take Over in Future

CEO Patrizio Bertelli said Friday the family-owned Italian fashion group has no intention of selling and that his elder son with co-CEO and creative director Miuccia Prada is being groomed to take over. Bertelli said during the unveiling of a handbag production site near Florence that his 30-year-old son Lorenzo "is preparing so that one day he can become the head of Prada," assuming that once he has learned the ropes he also still has "the desire to do it." Lorenzo...

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