0950 GMT - Prada looks set to continue with its growth trajectory, boosted by the Miu Miu brand, Citi analyst Thomas Chauvet says in a note. The analyst expects the Italian luxury-fashion firm to report sales growth of 11% at constant currency to 1.33 billion euros in the first quarter. "All stars still seem aligned for Prada," Chauvet says. As for the company's potential interest in Versace, the Italian brand owned by Capri Holdings, Citi says the label could be a good fit for Prada. Versace's bold aesthetics could complement the company's portfolio, offering a distinct positioning, geographically and product-wise, the analyst says. Shares in Hong Kong trade 1.3% higher. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
April 01, 2025 05:50 ET (09:50 GMT)
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