Prada Reports Record High Annual Revenue

In 2022, the Prada Group's annual revenue skyrocketed to its highest figure to date: €4.2 billion EUR ($4.4 billion USD). The record-setting number, which marks a 21% increase from last year's reported figure, surpassed the conglomerate's 2013 revenue peak, according to the Milanese luxury group's financial report.The company's retail sales jumped by 24% to €3.7 billion EUR ($3.9 billion USD), while its operating profit increased by 59% to €776 million EUR ($821 million USD) -- both of whi...