Prada reports higher Q1 sales but warns Middle East war hurts results

9 articles · Updated · The Wall Street Journal · Apr 30

First-quarter retail sales rose 10% at constant currency to €1.245bn, while Middle East sales fell 22% and Miu Miu was hit particularly hard.
Prada said the conflict curbed domestic and tourist spending, slowed Europe sales through weaker traveller demand, and added to geopolitical uncertainty facing the luxury sector.
Excluding newly acquired Versace, retail sales rose 1%; Prada said the brand's integration is on track ahead of Pieter Mulier taking over as creative chief on 1 July.

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