ROME — The Prada Group on Tuesday posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition.
The group, which owns the Prada and Miu Miu fashion brands along with Church's footwear, reported a 17 percent boost in revenues to 5.4 billion euros last year from 4.7 billion euros in 2023. Retail sales rose 18 percent to 4.6 billion euros in the period.The Prada brand, which accounts for the bulk of earnings, reported sales were up a solid 4 percent, while they nearly doubled at younger Miu Miu.
'I think it's on everybody's table,' Miuccia Prada said after presenting Prada's Fall-Winter 2025-2026 collection last week.Asked about Prada's investment plans during an analyst conference call, CEO Andrea Guerra said the company's focus is on growing its current brands, but added it would be 'arrogant' not to evaluate opportunities that present themselves. He did not mention Versace by name.Italian media have reported that the sale would value Versace at 1.
Posts Double-Digit Growth In 2024
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