Fashion
Italy’s Prada Group revenue rises 9% to $6.64 bn in 2025
Retail sales reached €5.102 billion, up 9 per cent YoY, driven primarily by full-price like-for-like sales across markets. In the fourth quarter (Q4), retail sales rose 9 per cent YoY (+6 per cent organic) despite strong comparatives from the previous year. Group net income increased 2 per cent to €852 million, while adjusted EBIT margin stood at 23.2 per cent, including the dilutive impact of Versace following its acquisition on December 2, 2025.
Prada Group has reported net revenues of €5.72 billion (~$6.64 billion) in 2025, up 9 per cent YoY, marking its 20th consecutive quarter of growth.
Retail sales rose 9 per cent to €5.102 billion (~$5.92 billion), driven by strong full-price demand and 35 per cent growth at Miu Miu.
Prada remained resilient despite a slight decline.
The group completed the Versace acquisition in Q4.
The Prada brand recorded retail sales of negative 1 per cent YoY, showing improved momentum in the second half and returning to growth in the fourth quarter (+0.4 per cent). The brand-maintained engagement through new retail concepts, including flagship retail opening in New York, and the Prada Alexandra House concept in Hong Kong, the group said in a press release.
Meanwhile, Miu Miu delivered strong growth, with retail sales rising 35 per cent year on year despite high comparatives from FY24 (+93 per cent). Fourth-quarter sales increased 20 per cent, supported by balanced growth across regions and product categories. Store expansions and renovations in Wuhan, London and Tokyo also contributed to stronger customer engagement.
Patrizio Bertelli, chairman and executive director of Prada Group, said, “We are pleased to report another solid set of results in 2025, with healthy growth and sound profitability, achieved in a challenging macroeconomic and industry context. The desirability of our brands remains rooted in creativity, consistency and authenticity. Our manufacturing platform is a key strength, supporting quality, craftsmanship and the operational agility required by the market. The acquisition of Versace marks a significant step in the strategic evolution of the Group, adding a highly distinctive and complementary brand to our portfolio and contributing to our long-term growth ambitions.”
The results achieved in 2025 mark five consecutive years of growth for the group; a solid performance delivered against tough multi-year comps. Meticulous execution, built on constant attention to routines across functions, continued to underpin the progress of our brands. Over the year, Prada showed good resilience, proving to be on a solid strategic stance; Miu Miu delivered yet another year of remarkable growth,” said Andrea Guerra, group CEO.
“With the acquisition of Versace, we welcomed a brand with incredible heritage and awareness; this new journey will demand respect, care and patience. Looking ahead, we remain committed to the ambition to deliver above-market growth for the Group. With respect to profitability, ex Versace, we continue to aim for organic margin progression; Versace’s consolidation will drive a dilutive effect on the group EBIT margin in FY-26, with a target to resume progressive improvement from FY27,” added Guerra.
Regionally, Asia Pacific recorded 11 per cent growth (+10 per cent organic) during the year, while Europe rose 5 per cent (+4 per cent organic), though momentum softened in the second half due to lower tourism and high comparison bases.
The Americas remained the strongest region, posting 18 per cent growth (+15 per cent organic) supported by strong local demand. Japan grew 3 per cent, while the Middle East advanced 15 per cent, though growth moderated in the latter half of the year.
Prada continued to advance its strategic investment programme with capital expenditure of €535 million, excluding real estate. The group maintained a strong financial position with net debt of €466 million, supported by robust cash generation.
The company also progressed its sustainability agenda across environmental and social initiatives. Investments in green energy and operational improvements helped the group exceed its science-based targets for Scope 1 and Scope 2 greenhouse gas emissions. Initiatives in supply-chain traceability, water stewardship and responsible chemical management were also expanded.
Versace reported net revenues of €684 million in FY25, though the brand incurred operating losses. Prada expects some revenue contraction in 2026 as the brand undergoes creative transition and distribution repositioning, with profitability improvements targeted from 2027 onwards.
Fibre2Fashion News Desk (SG)
This decision came during a three-day visit of Kirti Vardhan Singh, Indian Minister of State for External Affairs and Environment, Forest & Climate Change, to Chile that ended yesterday.
India and Chile recently agreed to further strengthen co-operation in trade, investment, health and pharmaceuticals, traditional medicines, science and technology, mining and mineral exploration, education, space, agriculture and people-to-people exchanges.
Both the countries also agreed to diversify bilateral ties in emerging areas like digital public infrastructure, innovation and green energy.
Both the countries also agreed to diversify bilateral ties in emerging areas like digital public infrastructure, innovation and green energy, a release from the Indian Ministry of External Affairs said.
Singh, who represented India at the inauguration ceremony of President Jose Antonio Kast Rist, met the new and old presidents.
They expressed satisfaction at the progress of the ongoing negotiations for a bilateral comprehensive economic partnership agreement.
Fibre2Fashion News Desk (DS)
Flourish Garments Bangladesh Co. Ltd., a China (Hong Kong)-based firm, will invest $15.34 million to set up a high-end garment manufacturing unit at the BEPZA Economic Zone in Mirsharai, Chattogram.
The factory will produce 4 million garments annually and create 1,988 jobs for Bangladeshi nationals.
The investment agreement was signed between BEPZA and the company in Dhaka.
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Availability of these is fully assured and retail outlets across the country are stocked and supply chains for these products are functioning normally, he said.
Additional allocation of public distribution system (PDS) kerosene has been issued to all the states, he added.
There is no shortage of petrol, diesel, kerosene, aviation turbine fuel or fuel oil, Indian Minister for Petroleum and Natural Gas Hardeep Singh Puri said in parliament lower house yesterday.
Availability of these is fully assured and retail outlets across the country are stocked and supply chains for these products are functioning normally.
India’s crude supply position is secure as well, he informed.
India’s crude supply position is secure as well, and volumes secured exceed what the Strait of Hormuz would have delivered, he assured.
Non-Hormuz sourcing has risen to approximately 70 per cent of crude imports, up from 55 per cent before the conflict began. India sources crude from 40 countries.
Refineries in the country are operating at high capacity utilisation; in several cases, they are exceeding 100 per cent, Puri informed.
Natural gas supply has been managed through prioritised allocation, and the position is stable well beyond immediate need. Domestic piped gas to homes and CNG for vehicles receive 100 per cent supply with no cuts. Industrial and manufacturing consumers will receive up to 80 per cent of their previous six-month average.
Fertiliser plants will receive up to 70 per cent, protecting the agricultural input chain ahead of the sowing season.
Refineries and petrochemical units absorb a managed reduction, with that gas redirected to higher-priority sectors, Puri mentioned.
“The shortfall has been substantially offset through alternative procurement. Large LNG cargoes are arriving on an almost daily basis through alternative supply routes, and India has sufficient gas production and supply arrangements to sustain this position even in the event of a prolonged conflict. Power generation for every household and for industry is fully protected,” he was quoted as saying in an official press release.
India was earlier importing nearly three-fifths of its LPG requirements from Gulf countries and produced 40 per cent domestically. Procurement has now been actively diversified, with cargoes being secured from the United States, Norway, Canada, Algeria and Russia, in addition to available Gulf sources, he said.
In the last five days, LPG production has been increased by 28 per cent through refinery directives, and further procurement is actively underway.
Commercial LPG has been regulated to prevent black marketing, not to penalise the hospitality sector, he added.
Fibre2Fashion News Desk (DS)
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