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Net revenues at Italian luxury group Prada rose 12.5 per cent at constant exchange rates in the first quarter, slightly above analysts expectations, thanks to a 60 per cent jump in retail sales at its smaller brand Miu Miu.
Prada’s net revenues rose to 1.34 billion euros, the group said on Wednesday, while a Visible Alpha consensus expected them to increase to 1.33 billion euros.
Retail sales at the group’s main and eponymous brand Prada were flat in the first quarter.
