Prada Group Reports 15% Revenue Growth in First Nine Months of 2026

Prada Group reported net revenue of €4.54 billion for the first nine months of 2026, marking a 15% increase at constant exchange rates and 12% on a reported basis compared with the same period last year. Organic growth stood at 4%, excluding Versace’s contribution and currency effects. In the third quarter, sales rose 11% at constant exchange rates, while organic growth remained at 1%, reflecting challenging conditions in the global luxury market. Retail sales reached €3.93 billion, while wholesale revenue increased 35% to €428 million. Royalties rose 77% to €178 million, and Versace contributed €441 million following its integration into the group.

 

Prada’s retail sales grew 2% during the nine-month period, supported by strong demand in the Americas and Asia-Pacific. Miu Miu recorded 1% growth over the period, although third-quarter sales declined 3% against the previous year’s exceptional performance. Geographically, the Americas emerged as the strongest-performing region, with revenue rising 33% to €851 million. Asia-Pacific sales increased 12% to €1.34 billion, while Europe grew 5% to €1.18 billion. Japan recorded 5% growth, reaching €424 million, whereas the Middle East experienced a 23% decline to €136 million.

 

Prada Group Chairman and Executive Director Patrizio Bertelli highlighted the need for agility and disciplined execution amid continued market volatility, reaffirming the company’s commitment to creativity, product excellence and long-term investment. CEO Andrea Guerra noted that strong brand desirability and effective retail execution had supported the group’s resilience. The company recently opened a fully integrated leather goods production facility in Piancastagnaio, Tuscany, reinforcing its manufacturing capabilities. Meanwhile, Versace continues preparations for its new creative debut in 2027 as the group focuses on strengthening its luxury brands and maintaining their relevance in an evolving global market.