This Just In...
Helmut Lang: Sold!
MILAN: Monday, October 04, 2004
Helmut Lang has handed over the remaining 49% stake in his company to Patrizio Bertelli and the Prada Group. Lang, who first sold 51% of his business to Bertelli in 1999, no longer owns any part of his company, but is continuing in his capacity as creative director of the brand. “Taking complete control of the Helmut Lang Group is a clear demonstration of how strongly we believe in the potential of the brand,” said Bertelli in a statement. For his part, Lang stated that he is “pleased with this development” and looks forward to his continued creative director role.
JJ MARTIN F.W.D.