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Miu Miu Sees Whopping 89% Growth in First Quarter Sales. The Prada Group reported strong revenue growth, despite an overall slowdown in luxury spending. MILAN — The Prada Group reported a stellar performance in 2023, with figures . Prada and Miu Miu reported strong gains in sales and profits in 2023 as . Miu Miu saw a retail sales increase of 58% year over year with an 82% increase .
Miu Miu Sees Whopping 89% Growth in First Quarter Sales. The Prada Group reported strong revenue growth, despite an overall slowdown in luxury spending. MILAN — The Prada Group reported a stellar performance in 2023, with figures reported on Thursday detailing a 58 percent gain at the Miu Miu brand, solid business in Asia Pacific and Europe,. Prada and Miu Miu reported strong gains in sales and profits in 2023 as management said the results fully delivered on ambitions for the group. Miu Miu saw a retail sales increase of 58% year over year with an 82% increase in Q4, according to the company, which only reports individual brand sales on a constant currency exchange rate basis. The Prada brand saw a retail sales uptick of 12% year over year, including 10% growth in Q4.
In the context of a luxury slowdown, it certainly stands out for a brand to more than double its quarterly revenue. In the third quarter, Miu Miu did just that: sales grew 105 per cent in the period ending 30 September to €324 million, and are up 97 per cent to €854 million in the first nine months of the year. On Wednesday, Miu Miu reported stellar growth for the first quarter of 2024, with revenues up 89 per cent year-on-year — its biggest hike yet. The brand now makes up over a quarter of Prada Group’s revenues. The same day, the brand topped Lyst’s Q1 Index.Information on acquisition, funding, investors, and executives for Miu Miu. Use the PitchBook Platform to explore the full profile. La crescita è stata molto sostenuta sia per Prada sia per Miu Miu, con contribuzione positiva sia dall’aumento di prezzo medio, sia dai volumi full price. In particolare, Prada ha registrato un +25% su base annua, continuando a dimostrare una forte leadership del marchio.
Prada S.p.A. announced its consolidated revenue performance for the nine months ended 30 September 2023, with net revenues of €3,344 mln, +17% yoy. The Group highlighted the strong brand and creative momentum, the outperformance of Miu Miu, and the growth across all regions and categories. Miu Miu was the second most profitable brand among those controlled by Prada Group, with global net sales amounting to 649 million euros.
Miu Miu Sees Whopping 89% Growth in First Quarter Sales. The Prada Group reported strong revenue growth, despite an overall slowdown in luxury spending. MILAN — The Prada Group reported a stellar performance in 2023, with figures reported on Thursday detailing a 58 percent gain at the Miu Miu brand, solid business in Asia Pacific and Europe,. Prada and Miu Miu reported strong gains in sales and profits in 2023 as management said the results fully delivered on ambitions for the group. Miu Miu saw a retail sales increase of 58% year over year with an 82% increase in Q4, according to the company, which only reports individual brand sales on a constant currency exchange rate basis. The Prada brand saw a retail sales uptick of 12% year over year, including 10% growth in Q4.
In the context of a luxury slowdown, it certainly stands out for a brand to more than double its quarterly revenue. In the third quarter, Miu Miu did just that: sales grew 105 per cent in the period ending 30 September to €324 million, and are up 97 per cent to €854 million in the first nine months of the year. On Wednesday, Miu Miu reported stellar growth for the first quarter of 2024, with revenues up 89 per cent year-on-year — its biggest hike yet. The brand now makes up over a quarter of Prada Group’s revenues. The same day, the brand topped Lyst’s Q1 Index.Information on acquisition, funding, investors, and executives for Miu Miu. Use the PitchBook Platform to explore the full profile.
La crescita è stata molto sostenuta sia per Prada sia per Miu Miu, con contribuzione positiva sia dall’aumento di prezzo medio, sia dai volumi full price. In particolare, Prada ha registrato un +25% su base annua, continuando a dimostrare una forte leadership del marchio.Prada S.p.A. announced its consolidated revenue performance for the nine months ended 30 September 2023, with net revenues of €3,344 mln, +17% yoy. The Group highlighted the strong brand and creative momentum, the outperformance of Miu Miu, and the growth across all regions and categories.
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