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Prada sees 36.5% rise in H1 revenue Monday, 6th August 2012
Photo credit: Prada campaign
Prada SpA on Monday revealed a 36.5 per cent rise in first-half revenue, thanks to strong demand for its Prada and Miu Miu brands in Asian markets.
The Italian fashion house said revenue for the six months to the end of July rose EUR 1.55 billion.
Asia-Pacific was the luxury group’s best performer by region, with revenue growth of 45 per cent. European markets followed with a 37.3 per cent rise, ahead of Japan’s 34.2 per cent, the Americas’ 31 per cent and Italy’s 21.7 per cent increase.
Prada opened 28 new stores during the half year, bringing its total number of directly operated stores to 414. The Milan-based company, which listed on the Hong Kong stock exchange last year, is set to announced its half-year earnings on 24 September.