As talks with the Catalan company were in progress, Ronald Lauder, one of Estée Lauder's two sons, transferred part of his stake and voting rights in the cosmetics giant to his daughter Aerin.
Having overhauled Versace's senior management team, as previously revealed by Glitz, Prada is now replacing other managers further down the chain. These departures come in the wake of dismissals that took place before Prada acquired the Milanese brand, some of which are being contested in the employment tribunals.