Prada Group Achieves Stellar Growth in 2023, Led by Miu Miu's Exceptional Performance

With revenues up 13% and net profit increasing by 44.3%, the luxury fashion conglomerate sees strong sales across regions and brands.

Prada Group's revenues rose 13% to €4.72 billion in 2023, with net profit climbing 44.3% to €671 million.
Miu Miu brand's retail sales soared 58%, with an 82% increase in the fourth quarter, driving significant growth.
Retail sales in Asia Pacific and Europe showed strong performance, with Japan being the best-performing region.
The group's focus on brand desirability and retail excellence is set to continue into 2024 amid macro and geopolitical uncertainties.
Capital expenditures totaled €753 million, including significant investments in strategic real estate.