Prada, SpA is an Italian fashion company (also known as a label or house) with retail outlets worldwide.
The company, originally known in Italian as Fratelli Prada (Prada Brothers), was founded in 1915 by Mario Prada. In 1978, Mario'ss granddaughter Miuccia Prada inherited what was still a
leather goods business from her mother, and led the company'ss expansion into couture.
Prada'ss first prêt-à-porter, or ready-to-wear collection was designed by Miuccia Prada in the autumn/winter season of 1989.
In addition to the original Prada line, the company introduced the Miu Miu collection, a lower-priced line aimed at a younger audience, in 1992. The Miu Miu line, which shares Miuccia
Prada'ss nickname, emphasizes earthy colors and a less haute couture look, evoking an overall more bohemian style. In its advertising campaigns, waif-like models in home photo poses
further the look. Miu Miu clothing is often simple, and evokes a continual image of high-end vintage items. It was followed by the Prada Sport collection, which featured tennis shoes.
Prada won a Council of Fashion Designers of America International Award for accessories in 1993.
Following the lead of other companies in a popular trend to absorb as many other fashion houses as possible, Prada took on large debts when it acquired the financially floundering
Rome-based house of Fendi in the early 1990s. Prada assumed shares in Fendi with the Louis Vuitton Moet Hennesy (LVMH) company. Prada was unable to turn around/support the money-losing
Fendi label, and sold its Fendi shares to LVMH. Prada is still recovering from this debt.
Other labels within the Prada Group corporate umbrella include Helmut Lang and Jil Sander.
Prada Handbag Site is now online at the-prada-handbag.com.