Miu Miu news and archive

Prada Group registers 18 percent retail sales growth

The Prada Group’s first half net revenues of 2,549 million euros, were up 17 percent. First half retail sales of 2,263 million euros, increased 18 percent, driven by like-for-like and full price volumes. Retail sales also increased by 18 percent in the second quarter. EBIT margin for the period was 22.6 percent or 575 million euros. Prada Group...

BusinessFeatured

Prada Group increases annual profit by 44 percent

The Italian fashion group Prada SpA can look back on another successful financial year thanks to the unbroken popularity of its Prada and Miu Miu brands. On Thursday, the company announced that it was also able to achieve significant growth in sales and earnings during 2023. Accordingly, the Prada Group's consolidated turnover last year totalled...

Fashion |Beauty

Miu Miu signs beauty license with L'Oréal

Prada S.p.A and L’Oréal Group have signed a worldwide long-term license deal for the creation, development, and distribution of luxury beauty products for the Miu Miu brand. The move will see Miu Miu beauty joining the L’Oréal Luxe division that already includes the Prada license. The first Miu Miu fragrances under L’Oréal are expected to be...

Fashion

Lyst: Prada beats 'little sister' Miu Miu to become most popular brand again

Prada has risen two points in the ranking of popular fashion brands compiled by Lyst, becoming the most popular name in Q4 of 2023, according to the search engine. Miu Miu, Prada's 'little sister' that was had initially held the top spot, dropped one point to become second. Loewe also fell a point and now sits at number three in the quarterly...

Fashion |In Pictures Featured

In Pictures: 11 Brands getting fired up for Lunar New Year

As the Year of the Dragon looms, luxury and premium brands from around the globe are banking on specialised Lunar New Year collections to draw in their desired consumer. Alongside the exclusive lines, such labels are also feeding buyers with standout campaigns, each designed to encapsulate the seasonal holiday and its deeply historic traditions....

Business

Prada Group joins UN Global Compact initiative

Luxury conglomerate Prada Group has announced that it has joined the United Nations Global Compact initiative, which is centred around the development, implementation and disclosure of responsible business practices. The project calls on members to align their operations and strategies with 10 principles within the topics of human rights, labour...

Fashion Featured

The year in fashion according to Lyst: From Miu Miu and Jacquemus to Uniqlo

2023 is drawing to a close and, with it, fashion search engine Lyst has announced its annual ‘Year in Fashion’ overview. The report shows, among other things, which trends were most important this fashion year, which brand was searched the most and what the most popular shoes and bags were. Luxury fashion brand Miu Miu was once again labelled...

Fashion Featured

Miu Miu breaks ahead of 'big sister' Prada in Lyst Index Q3

The Italian luxury label Miu Miu tops the ranking of the world's most sought-after fashion brands. In the current Lyst Index for the third quarter, Miu Miu not only displaces the Spanish luxury brand Loewe from the top position, but also takes over from its big sister Prada. Last quarter, Miu Miu still occupied fourth place on the list, behind...

Business

Prada reorganises design team, Luigi Preziotti appointed design director

Luxury conglomerate Prada Group has announced a shuffle within its design team after its long-time design director Fabio Zambernardi stepped down from the role he held for 40 years. In his place, Luigi Preziotti has been named as Prada’s design director, another veteran of the Italian fashion house who has until now been women’s design director...

People

Long-time Prada design director reportedly set to exit

Fabio Zambernardi, the long-time design director at the Prada Group, is believed to be set to leave his role in October following the unveiling of spring 2024 collections. The alleged move would come more than four decades after Zambernardi initially entered the group and went on to work closely with Miuccia Prada. Speculation around his exit...

BusinessFeatured

Prada's sales and earnings jump in H1

Prada’s first half net revenues of 2,232 million euros, increased 20 percent with retail sales of 1,975 million euros, up 21 percent, driven by like-for-like full price sales. Commenting on the company’s performance, Patrizio Bertelli, Prada Group chairman and executive director, said: “The semester ends with solid results for the Prada Group,...

BusinessFeatured

Prada Group hails ‘strong start to year’ as Q1 sales jump 22 percent

Prada Group has hailed a “strong start of the year” with growth across markets and product categories, as well as a rebound in demand in China. The Italian group, which owns its namesake brand as well as luxury label Miu Miu, made sales of 1.07 billion euros in the three months ended March 31, up 22 percent from the 876 million euros it made a...