1615 GMT - Prada was boosted by Miu Miu, while its namesake brand delivered a positive surprise, Bernstein analysts say in a research note. The Italian luxury fashion group booked revenue of 5.43 billion euros for 2024, up 17% compared with the prior year at constant currency. Growth was supported by continued brand momentum of Miu Miu, which recorded stronger-than-expected organic growth of 84% in the fourth quarter alone, they say. The Prada brand showed a sequential improvement in the last three months compared with the prior quarter, which is a positive surprise, the analysts say. Shares in Hong Kong closed 0.3% lower. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
March 04, 2025 11:15 ET (16:15 GMT)
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