Prada Meets Views, Says Versace Integration Will Dilute Margins

Prada SpA reported 2025 results that met expectations, while telling investors its newly acquired Versace brand will dilute profit margins as the Italian luxury group works to turn it around.

Net revenue rose 9% at constant exchange rates to €5.72 billion ($6.64 billion) for 2025, the Hong Kong-listed company said Thursday. Its popular Miu Miu line posted a 20% fourth-quarter revenue increase, meeting estimates but far below the buoyant growth of the past.