Milan, 30 April 2026 – Prada Group delivered first-quarter sales broadly in line with market expectations, but the slowdown at its high-growth Miu Miu label and weaker Middle East demand showed that even one of luxury’s strongest recent performers is not immune to geopolitical and consumer-market pressure.

The Italian luxury group reported first-quarter revenue of about €1.3 billion, up 3 percent at constant exchange rates, supported by strong sales in the Americas and resilient demand across parts of Asia Pacific. Retail sales reached €1.245 billion, rising 10 percent year-on-year at constant currency, although growth was more modest when excluding the contribution from Versace, which Prada recently acquired.

Unlock the Full Article

This article is exclusive to The Ledger Asia Subsribers / PAID members.

Subscribe to Read More

Already have an account? Log in here

Author

Jack & Roses
A passionate news writer covering lifestyle, entertainment, and social responsibility, with a focus on stories that inspire, inform, and connect people. Dedicated to highlighting culture, creativity, and the impact of community-driven change.