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% boost in revenues to 5.4 billion euros ($5.7 billion) last year from 4.7 billion euros in 2023. Retail sales rose 18% to 4.6 billion euros in the period.
