Prada owes its growth to Versace in the first quarter of 2026

Weak performance from Miu Miu and the Middle East slowed the Milan-based fashion group’s momentum during the first three months of 2026. But the integration of Versace enabled the group to post another increase in revenue.

Grazie Versace!

Thanks to the Italian fashion house, which has been included in its financial statements since late 2025, the Prada Group once again posted revenue growth of +6% (according to published IFRS accounting standards) to €1.428 billion in the first quarter of 2026.

Without it, sales would have fallen by 4.2%! However, excluding currency fluctuations, Prada’s revenue would have increased by 14%.

Difficult comparison base

As a reminder, in 2025, the Milan-based group reported revenue (excluding Versace) up 9% at constant exchange rates (+8% organically) to €5.7 billion.

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Read more > Resilient in 2025, the Prada Group will be patient regarding Versace’s recovery

Featured photo: © Versace