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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...
All geographic markets contributed to the growth of the Prada Group in the first quarter and Miu Miu retail sales climbed 89 percent.
A strong Prada brand and a jump at Miu Miu in the first quarter fuelled a sales growth of parent Prada Group, which is eyeing long-term gains.
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.
All geographic markets contributed to the growth of the Prada Group in the first quarter and Miu Miu retail sales climbed 89 percent.