Prada has agreed to buy Fratelli Prada, a company that manages four Prada stores in Milan under a franchise agreement, for €66 million. The stores include the one located in Galleria Vittorio Emanuele, where Prada was founded in 1931, two shops in Via Montenapoleone and one in Via della Spiga. Fratelli Prada is owned by the designer Miuccia Prada, her brother Alberto Prada and her sister Marina Prada Bianchi.