Miu Miu Drives Prada Group's Resilient Growth Amid Luxury Sector Slowdown

Prada Group reports strong revenue increases, with Miu Miu's sales more than doubling in the third quarter of 2024.

Prada Group's net revenues rose 18% in the first nine months of 2024, reaching €3.83 billion.
Miu Miu's sales surged by 105% in Q3, marking a 97% increase over the first nine months of 2024.
Despite a general luxury market slowdown, Prada Group achieved double-digit growth in Asia-Pacific, Europe, Japan, and the Middle East.
Prada's main brand saw a slower growth rate with a 2% sales increase in Q3, compared to Miu Miu's robust performance.
Prada Group plans to expand Miu Miu's retail presence and announce a new CEO within the next few months.