Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Prada's chief executives under tax evasion investigation

Prada’s two chief executives are under investigation by Italian authorities for possible tax evasion.

The luxury retail company said in a statement on the Hong Kong Stock Exchange, where the company is listed, that Miuccia Prada and Patrizio Bertelli are being examined over “the accuracy of certain past tax filings by them as individuals in respect of foreign-owned companies”.

“Neither the company nor any of its subsidiaries was or is involved in this matter,” Prada chairman Carlo Mazzi added in the statement.

The investigation follows Prada’s move to bring its holding company back to Italy from Luxembourg in 2013. The alleged tax evasion is said to be focused on the 10 years they were based in Luxembourg.


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.