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Prada Posts Higher Revenue, Propelled by Miu Miu’s Success
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Prada reported higher revenue for last year after booming sales at its Miu Miu brand helped the Italian group escape a global decline in demand for luxury goods. The luxury fashion group, which houses its namesake brand and Miu Miu, said Tuesday that it made revenue of 5.43 billion euros ($5.70 billion) for 2024, 17% higher that the prior year at constant currency. The result beat analysts’ expectations of 5.37 billion euros, according to a poll of estimates compiled by Visible Alpha.