New Ownership
In 1999 Prada Group bought a 75% share in her company. Sander remained creative designer and became chairwoman in the new joint venture. Six months later, in January 2000, Sander unexpectedly resigned abruptly as chairwoman and shortly thereafter as chief designer after confrontations with Prada CEO Patrizio Bertelli. Nearly all the design and production staff left after her departure. For 2001, the Jil Sander Group reported a net loss of $9.4 million, its first ever. The brand lost 26 million euros (about $30.4 million) in 2002 on flat sales, in part because of the costs of adding retail stores in London and in New York.
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