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Revenues at Italian luxury group Prada rose 16% at constant exchange rates in the first quarter, driven by a jump in Miu Miu sales and continued growth in Asia. The family-owned company. ....
Italy's Prada defied a slowdown across the luxury sector in the first quarter, reporting booming demand for its high fashion brand Miu Miu and continued growth in Asia. Family-owned Prada on Wednesday reported sales up 16% to 1.19 billion euros ($1.27 billion) at constant exchange rates, slightly above a 1.14 billion euro consensus cited by analysts. ....
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Nine-month revenues for Italian fashion group Prada rose 17% at constant exchange rates as a strong performance in Asia and Europe helped to compensate for weakness in the Americas, the company said. -October 31, 2023 at 08:35 am EDT - MarketScreener ....
Italian fashion group Prada reported a 10% rise in third quarter revenues on Tuesday as a strong performance in Asia and Europe helped to compensate for weakness in the Americas. The revenue growth came in just ahead of analysts' expectations of a 9.3% rise, according to a consensus cited by Jefferies. For the first nine months of the year net revenues totaled 3.34 billion euros ($3.6 billion), up 17% at constant exchange rates, with the ready-to-wear category showing the fastest growth and the Miu Miu brand also expanding rapidly. ....