The group, which additionally owns Church’s, Automotive Shoe and Marchesi 1824, recorded internet revenues of €5.4bn (£4.5bn) for the yr to 31 December 2024, up 17% yr on yr. Group retail gross sales rose 18% yr on yr to €4.8bn (£3.7bn).
Miu Miu boasted a file yr, with retail gross sales up 93% yr on yr. Retail gross sales at Prada elevated a extra modest 4% in opposition to the earlier yr.
The corporate skilled double-digit development in Asia Pacific, Europe, Japan and the Center East. The Americas area confirmed double-digit development the second half of the yr.
Prada Group attributed its optimistic trajectory to “enduring model relevance and disciplined execution”.
The group is reportedly in talks to amass Versace from Michael Kors-parent Capri for €1.5bn (£1.2bn). Share costs in Prada had been up 3.5% to 69 HK {dollars} (£7) on Monday following the information that the 2 luxurious teams had been nearing a deal.
Andrea Guerra, Prada Group CEO, stated: “Over the yr, Prada confirmed its strong development trajectory and Miu Miu reached an entire new stage of visibility and scale, pushed by a well-diversified whole look providing. Trying ahead, whereas being conscious that the complicated trade dynamics are prone to persist, our priorities stay unchanged.
“At Prada, we now have a transparent alternative to proceed to drive market share, whereas at Miu Miu we will consolidate its success; to try this, we’ll proceed to sharpen the positioning of our manufacturers, to complement product portfolios and to foster buyer engagement. For the yr forward, we retain our ambition to ship strong, sustainable, and above-market development.”
