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Prada Outpaces fashion rivals on Miu Miu's Gen Z appeal
The Straits Times
|November 08, 2024
UNITED STATES - Prada defied a luxury industry slump last quarter as fashion fans snapped up Miu Miu's Arcadie handbags and cashmere cardigans.
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Comparable retail sales at the Italian group grew 18 per cent in the third quarter of 2024, the Hong Kong-listed company said. Those at its biggest label, Prada, rose 1.7 per cent, while Miu Miu sales more than doubled during the period.
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