Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
The American mass exodus to Canada amid Trump 2.0 has yet to materialize 
Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey 
Office design isn’t keeping up with post-COVID work styles - here’s what workers really want 
Palantir Stock Jumps After Strong Q4 Earnings Beat and Upbeat 2026 Revenue Forecast 
Why have so few atrocities ever been recognised as genocide? 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
SpaceX Seeks FCC Approval for Massive Solar-Powered Satellite Network to Support AI Data Centers 
Yes, government influences wages – but not just in the way you might think 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Boeing Secures New Labor Contract With Former Spirit AeroSystems Employees 
Why financial hardship is more likely if you’re disabled or sick 
Stuck in a creativity slump at work? Here are some surprising ways to get your spark back 
Canada’s local food system faces major roadblocks without urgent policy changes 
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure 
Glastonbury is as popular than ever, but complaints about the lineup reveal its generational challenge 
The Beauty Beneath the Expressway: A Journey from Self to Service 
Italian fashion group Prada has announced a 10% increase in third-quarter revenues, driven by impressive growth in the Asian and European markets, which offset weaker performance in the Americas. The company released its figures after the market closed on Tuesday.
Revenue Growth and Analysts' Expectations
Prada's revenue growth slightly exceeded analysts' expectations, with a consensus cited by Jefferies indicating a projected rise of 9.3%, according to Reuters.
For the first nine months of the year, net revenues reached 3.34 billion euros ($3.6 billion), marking a 17% increase at constant exchange rates. The ready-to-wear category experienced the fastest growth, and the Miu Miu brand also saw rapid expansion.
Chief Executive Andrea Guerra expressed confidence in the company's positive momentum, stating that Prada is well-positioned for solid, sustainable, and above-market growth in Q4.
Guerra emphasized the excitement surrounding Prada's brands and its ambition to deliver exceptional performance in 2023. He further noted that while October exhibited favorable results, November and December hold greater importance for the business.
Challenges Faced by Luxury Sector
Yahoo reported that Prada's luxury sector rivals, including Kering, the owner of the Gucci brand, have also faced challenges stemming from declining demand for fashion and accessories, particularly in the United States and Europe.
The Americas region presented a weak spot for Prada, experiencing a 1.3% decline in retail sales during the nine months. However, double-digit growth in the Asia Pacific, Japan, and European markets mitigated the overall impact.
Guerra revealed that Prada and Miu Miu increased prices by 4-6% this year, with a similar trend expected for 2024.
Despite recent tensions in major cities due to the conflict between Hamas and Israel, Guerra assured that these developments had not significantly affected the business. While acknowledging the heightened geopolitical situation, he emphasized that Prada had not observed any fundamental differences in consumer behavior so far.
Photo: Nils Schirmer/Unsplash
