Prada Sales Meet Views as War Slows Growth at Miu Miu Brand
A Miu Miu store, operated by Prada SpA, in Beijing.
Photographer: Giulia Marchi/BloombergPrada SpA reported first quarter sales that met expectations, weathering war in the Middle East that dragged on sales of the fashion group’s popular Miu Miu line.
Revenue rose 6.5% to €1.43 billion ($1.67 billion) in the period, the Italian company said Thursday in a statement. That met the consensus estimate of analysts polled by Bloomberg.