Prada sells Helmut Lang

Prada has sold its subsidiary Helmut Lang to Link Theory Holdings, the Japanese company which produces the Theory and Joie clothing brands, a spokesman for the Italian fashion giant announced.

The sale was the last act in Prada's restructurization program which in February saw it sell its German label Jil Sander to the British private equity company Change Capital Partners.

The Prada spokesman said the Italian group would now concentrate its energies on its four remaining brands: Prada, Miu Miu, Car Shoe and Assedine Alaia.

No price was given for the Helmut Lang sale.

(Source: Ansa)