Core Insights - Prada reported a net revenue of €2.74 billion for the first half of 2025, representing a 9% increase year-over-year at constant exchange rates [1] - Adjusted EBIT was approximately €618.5 million, showing a year-over-year growth of 7.55% [1] - Retail sales net revenue increased by 10.1% compared to the same period in 2024, driven by full-price and comparable sales [1] Revenue Breakdown - Retail sales net revenue accounted for 89.5% of total net revenue, consistent with 2024 [1] - Retail sales net revenue for the Prada brand decreased by 2% at constant exchange rates, while Miu Miu's retail sales net revenue surged by 49% [1] Regional Performance - All regions experienced growth, with Asia-Pacific retail sales net revenue increasing by 10.4% [2] - Europe saw an 8.6% increase in retail sales net revenue, despite a high comparison base and reduced tourist spending in the second quarter [2] - The Americas achieved a notable growth of 12.4%, supported by local and tourist demand [2] - Japan's retail sales net revenue increased by 4.3%, reflecting a slowdown in tourist spending but stable local demand [2] - The Middle East exhibited strong performance with a 25.7% year-over-year increase in retail sales net revenue [2]

Core Viewpoint - Richemont, the parent company of Cartier, reported a 3% increase in sales for the quarter from April to June, reaching €5.4 billion (approximately $6.3 billion), despite challenges from a strong euro and weak sales in Asia [1][2]. Group 1: Sales Performance - Overall sales increased by 3%, amounting to €5.4 billion (approximately $6.3 billion) [1]. - If not for the impact of a weaker dollar, the sales growth could have reached 6% [2]. - Sales in Europe, the Americas, and the Middle East and Africa experienced double-digit growth, driven primarily by jewelry sales [3]. Group 2: Jewelry and Regional Performance - The sales of the four major jewelry brands—Bulgari, Cartier, Van Cleef & Arpels, and Vhernier—grew by 11%, marking the third consecutive quarter of double-digit growth [4]. - However, sales in the Asia-Pacific region declined by 4%, with Japan experiencing a 13% drop, alongside a 10% revenue decrease in the professional watchmaking segment, which includes brands like Panerai, Piaget, and Vacheron Constantin [4]. - The performance of the jewelry segment was slightly better than analysts' expectations, aligning with the overall sales figures [5].