Prada Reports Highest-Ever Annual Sales

Prada’s annual revenues rose 21 percent to €4.2 billion ($4.4 billion) in 2022, the highest level ever, the Milanese fashion group said Thursday. Operating profit jumped 59 percent to €776 million.

Co-founder Patrizio Bertelli, who stepped back as the group’s CEO earlier this year, said brand heat and client engagement were driving “strong and broad-based organic growth” in both Prada and Miu Miu’s stores.

Since the arrival of Raf…