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Prada Group Reports Q1 Revenue Growth as Miu Miu Shines, Versace Acquisition Progresses

The luxury giant posted a 13% revenue increase to €1.34 billion, driven by Miu Miu’s 60% growth, while cautioning about market uncertainties.

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A child wearing a face mask runs past a store of Miu Miu in Beijing, China February 20, 2020. REUTERS/Tingshu Wang/File Photo
Clothes and bags are displayed at a Prada store in New York City, U.S., April 8, 2025. REUTERS/Jeenah Moon/File Photo

Overview

  • Prada Group achieved €1.34 billion in Q1 2025 revenues, marking a 13% year-on-year increase, despite challenging market conditions.
  • Miu Miu continued its impressive trajectory with a 60% surge in sales, reinforcing its role as the group’s key growth driver.
  • Retail sales grew 13%, supported by like-for-like, full-price sales, while wholesale and royalties rose 7% and 15%, respectively.
  • Regional performance varied, with the Middle East leading at 31% growth, followed by Japan at 19%, Europe at 13%, and the Americas at 11%.
  • The €1.25 billion acquisition of Versace, announced in April, remains on track for completion in H2 2025, pending regulatory approval.