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Downturn

Miu Miu growth helps Prada to defy luxury downturn

Prada reported a 9 per cent increase in first half net revenues at constant currencies on Wednesday (Jul 30), with its smaller but fast expanding Miu Miu brand helping it to buck a weak…

Hermès Bucks Luxury Downturn as Q4 Sales Jump 18%

PARIS – Hèrmes International continues its streak as the leader of the luxury pack, with sales up 18 percent at constant exchange in the fourth quarter to 4 billion euros. That bucked the…