Italian fashion house Prada has taken full control of the Car Shoe footwear and accessories brand, it told just-style.
Prada has upped its 55% stake in Car Shoe to 100%, for an undisclosed amount. It first bought a stake in the Italian brand in 2001.
“Prada’s interest in taking full control is to expand and develop the retail and wholesale side of the business,” a spokesperson for Prada told just-style.
Car Shoe, which was founded in 1963, has three stores in Italy, in Milan, Rome and Capri, and launched a its first shop in Singapore in March.
Prada plans to open a first Car Shoe store in Hong Kong this October.
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