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Prada’s Q1 Revenues Jump 22 Percent, Surpassing €1 Billion

Prada reported a strong rebound in Asia and shook off fears of a US slowdown.

Kendall Jenner walks the runway for Prada Autumn/Winter 2023. — Kendall Jenner walks the runway for Prada Autumn/Winter 2023. (Indigital)

By

Robert Williams

11 May 2023

Prada sales jumped 22 percent in the first quarter, beating consensus estimates. The company reported a strong rebound in Asia and shook off fears of a slowdown in the US, where softer demand hit some rivals like Gucci-owner Kering and Ferragamo at the start of the year.

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Further Reading

Inside Prada’s Best Year in Business

The Milanese group, which also owns Miu Miu and Church’s, leveraged a partnership between Miuccia Prada and Raf Simons to generate record sales. A Thursday presentation gave investors a first peek at Prada’s future plans under new leadership.

About the author

Robert Williams

Robert Williams

Robert Williams is Luxury Editor at The Business of Fashion. He is based in Paris and drives BoF’s coverage of the dynamic luxury fashion sector.

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