Boosting Hopes Of Luxury Sector Recovery

Prada SpA sales rose in the first nine months of year as solid demand for its Miu Miu brand offset a fall at the group's eponymous label.

Net sales rose to €4.07 billion ($465 billion), a 6.3% increase year-on-year, the Hong Kong-listed company said Thursday. Sales at Miu Miu, which is particularly popular with younger customers, jumped by 41% in the same period.