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Prada outpaces predictions

04/08/2022
Prada outpaces predictions

First-half results for fashion group Prada have surpassed analysts’ forecasts with revenue of €1.9 billion. This result was 22% up year on year.

Geographically, overall sales declined in Asia-Pacific by 7%, but this was more than offset by a spectacular increase in Europe of 89%. Sales of the Prada brand climbed 28%, Miu Miu was up 14%, and Church’s up 29%. Pre-tax profit was €305 million.

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