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Stock impact report

Prada heir Lorenzo Bertelli will have strategic role at Versace as executive chairman [BNN Bloomberg (Canada)]

Capri Holdings Limited Ordinary Shares (CPRI) 
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am Check Earnings Report
Company Research Source: BNN Bloomberg
Bertelli, 37, has been previously announced as the future leader of the Prada Group, where he has been marketing director since 2019 and head of corporate responsibility since 2020. The elder son of acclaimed designer Miuccia Prada and Prada Group chairman Patrizio Bertelli joined the group in 2017 as head of digital communication. Bertelli made the announcement about his next role on an Italian-language Bloomberg podcast Wednesday. He said he doesn't expect any big shake-ups at Versace at least for the first year after the acquisition is complete as he gets to know the company and its executive team. But he underlined that the 47-year-old fashion house founded by the late Gianni Versace has been underperforming its potential. “The brand is much bigger than the revenue that it is generating,'' Bertelli said, noting that Versace remains among the top global fashion brands. The Prada Group announced in April the deal to buy crosstown fashion rival Versace from the U.S. luxury g Show less Read more
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