Foreign designer demand boosts Prada sales

Foreign designer demand boosts Prada sales
Prada sales in Asia and North America rose 11 percent for the 2013-2014 year. Photo: epSos.de/Flickr
Italian luxury company Prada on Wednesday said sales rose 9.0 percent to €3.856 billion in its latest financial year thanks to sales in the Asia-Pacific region and North America.

Chief executive Patrizio Bertelli said the result for the 2013-2014 year, which ended in January, was the group's fourth consecutive year of "strong growth".

Sales in Asia and North America rose 11 percent, while the European market rose 5.0 percent – seen as a healthy result considering the economic difficulties.

Sales in the Middle East region were also up, reaching €90 million over the whole year.

But Japan saw only a 1.0 percent rise due to the devaluation of the yen, Prada said.

SEE ALSO: Prada profits boosted by Chinese buyers

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