All geographic markets contributed to the growth of the Prada Group in the first quarter and Miu Miu retail sales climbed 89 percent.
The Italian luxury company on Wednesday reported a sales increase of 11 percent to 1.18 billion euros in the three months ended March 31. This compares with 1.06 billion euros in the same period last year. At constant exchange rates, revenues grew 16 percent.Group chairman and executive director. “Over the first quarter, we delivered a solid performance in a more challenging market environment.
Wholesale revenues slipped 1 percent to 90 million euros, compared with 91 million euros in the same period last year.Commenting on the Prada segment, the statement touted “high brand desirability” in light of the positive reception of the fall 2024 men’s and women’s fashion shows. “The introduction of leather goods novelties, such as the Buckle Bag, further enriched the category alongside the ongoing reinterpretation of icons.
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