Prada Group reported net revenue of 1.43 billion euros ($1.68 billion) for Q1 2026, up 14% YoY and 3% organically, despite intensifying geopolitical and macroeconomic tensions. Retail revenue reached 1.25 billion euros ($1.47 billion), up 10% YoY, driven by rising full-price sales. Miu Miu continued its upward trajectory with retail sales up 2% against a Q1 2025 comparison base of 60% growth, posting double-digit growth in the Americas. Versace — acquired in 2025 and with Pieter Mulier appointed Chief Creative Officer effective July 1 — generated 143 million euros ($167.8 million) in net revenue. By region, the Americas grew 34% YoY, Asia-Pacific rose 13%, Europe gained 2% reported but fell 6% organically, and the Middle East declined 22%.

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