1138 GMT - Prada's third-quarter results confirmed the company's status as the fastest growing listed luxury business, Jefferies analysts write in a research note. The Italian luxury firm recorded revenue of 3.83 billion euros, up 15% on year in reported terms. Results mirror the resilience of the company's namesake brand, as well as the stellar success of the Miu Miu label, the analysts say. Prada continues to experience sales increases in all key geographies, Jefferies says, adding that the update is an upbeat call given the broader industry context. Shares in Hong Kong closed up 7.5%, at 59.55 Hong Kong dollars. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
October 31, 2024 07:39 ET (11:39 GMT)
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