Business · Companies · 7 hrs ago
Prada posts 1% third-quarter growth as luxury market slows
Italian luxury group Prada recorded 1% organic revenue growth in the third quarter, a result in line with market expectations.
The figure excludes Versace, which Prada acquired in December last year; including Versace, quarterly revenue totalled 1.49 billion, or $1.67 billion.
Miu Miu retail sales fell 3%, after the brand drove much of Prada’s growth in 2025.
The result came as the luxury sector faced a slowdown, with growth in the Americas continuing at a slower pace and Europe remaining weak.
Sales in Asia-Pacific were stable, as subdued shopping activity in mainland China was offset by positive trends elsewhere in the region.
Prada says Versace’s integration is on track, and the brand’s first collection under new creative director Pieter Mulier is due next year.
Prada reported 1% organic revenue growth in the third quarter, in line with market expectations.
Including Versace, revenue totalled 1.49 billion dollars in the quarter, matching analyst expectations.
The company said growth in the Americas continued but slowed from the previous quarter.
Asia-Pacific sales were stable, while revenue in Europe remained weak.
Miu Miu retail sales fell 3% as the luxury market faced a challenging backdrop.
- Who
- Italian luxury group Prada.
- What
- It reported 1% organic third-quarter revenue growth. Including Versace, revenue was 1.49 billion dollars.
- When
- The third quarter; the report was published on October 22, 2026.
- Where
- Prada reported results across the Americas, Asia-Pacific and Europe.
- Why
- The company attributed resilience to brand desirability and strong retail execution amid a challenging luxury market.
This story does not have two clearly opposing sides.
Prada recorded 1% organic revenue growth, while Miu Miu retail sales fell 3%.
Prada reported its third-quarter results.
The first collection by new creative director Pieter Mulier is due to debut.
- Organic growth
- 1%
- Revenue including Versace
- 1.49 billion dollars
- Miu Miu retail sales
- Down 3%
- Asia-Pacific
- Sales stable
- Europe
- Revenue remained weak
What people are saying
The third quarter unfolded against a particularly challenging industry backdrop. In this context, the group showed good resilience, underpinned by brand desirability and strong retail execution.