Prada's chief executive, Patrizio Bertelli, said the family who controls the luxury goods group does not intend to sell its stake. Bertelli added that his own son Lorenzo may one day head the group, if he wants to. Meanwhile, Prada has inaugurated its new factory in Valvigna, near Arezzo, in Tuscany. The 32,000-square-meter facility, designed by Guido Canali, has been conceived as a “garden factory,” the third of the kind for Prada after the plants in Montevarchi and Montegranaro. This particular concept aims at reducing the impact of the building on the surrounding environment. The factory in Valvigna hosts the production and development divisions of the Prada and Miu Miu leather goods collections, as well as warehouses for raw materials, the offices of general services and industrial administration, the historical archives of the leather goods and footwear collections, technical areas, an auditorium, and the data processing center of the Prada group.

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