Prada owners investigated by Italian authorities

Miuccia Prada and her husband Patrizio Bertelli are being investigated over past taxes.

The Prada store name is pictured above the facade of a shop. Picture: AFP/Joel Saget

JOHANNESBURG - Italian luxury fashion house Prada SpA said on Monday its chairwoman Miuccia Prada and her husband, chief executive officer and fellow shareholder Patrizio Bertelli, are being investigated by Italian authorities over past taxes.

The Hong Kong-listed company said in a statement it had been informed by the Italian Judicial Authority of the probe.

It said neither it nor any of its subsidiaries was or is involved in this matter.

Reuters reported in January that Prada and Bertelli were under investigation as part of a tax avoidance probe by Milan prosecutors.

At the time, the company said it was not aware of investigations taking place.

On Monday, the company said that Prada and her husband had made a voluntary disclosure to Italy's tax authority in December last year, prompting an examination into certain past tax filings by the couple with respect to foreign owned companies.

Representatives for Prada and Bertelli were not immediately available outside European business hours.