The Prada Group has posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition

The Prada Group has reported strong financial growth, thriving with a 17% revenue boost despite a general downturn in the luxury sector. Highlights include retail sales growth and positive performance of Prada and Miu Miu brands.

Europe has historically dominated the luxury fashion industry for decades, thanks to the creation of some of the world's most renowned high-end brands, such as Chanel, Dior, Gucci, and Louis Vuitton.

Prada has posted double-digit growth for the fourth consecutive year and is believed to be in talks to acquire the Versace brand, as the fashion house looks to extend its reach

The Prada Group results are against market trends, with the luxury sector as a whole contracting last year for the first time since the Great Recession. “This success underscores the enduring ...