Prada Group Gains 13% in Q1 as Miu Miu Surges

Prada Group Gains 13% in Q1 as Miu Miu Surges

A 60 percent jump in Miu Miu sales, gains across all the group's markets and a strong retail performance contributed to lift Prada Group Q1 revenues.

Miu Miu sales jump 60% in Prada Group’s first quarter

The Prada brand posted sluggish retail results, but the company’s overall revenue rose 13% ahead of its planned Versace acquisition.

Prada shows double digit growth Q1, Miu Miu +60% - Fashion & Luxury

Prada achieved double-digit growth in the first three months of the year despite the more challenging macroeconomic and sector context, the Italian fashion group said Wednesday. (ANSA)

Prada Group continues to buck luxury slowdown with double-digit growth

Drapers Prada Group continues to buck luxury slowdown with double-digit growth Prada Group, which owns Prada and Miu Miu, posted net revenues of €1.34bn (£1.14bn) for the first quarter ending 31 March, up 13% year on year.The post Prada Group continues to buck luxury slowdown with double-digit growth appeared first on Drapers.

While the luxury and fashion sector is groaning under economic pressure, Prada is reporting strong growth figures. The Italian fashion house is booking double-digit sales growth - mainly thanks to showpiece Miu Miu - and is leaving heavyweights such as LVMH and Kering far behind.

Prada sees net revenue rise of 12.5 per cent

Due to a 60 per cent increase in retail sales at its smaller brand Miu Miu, the Italian luxury firm Prada’s net revenues increased 12.5 per cent at constant exchange rates in the first quarter, which was marginally more than analysts had predicted. The group reported that Prada’s net revenues had increased to US $ […] The post Prada sees net revenue rise of 12.5 per cent appeared first on Apparel Resources.