Core Viewpoint - Prada Group reported a 13% year-on-year increase in net revenue for Q1 of FY2025, reaching €1.341 billion, surpassing market expectations, while competitors like LVMH and Kering experienced declines [2] Group Performance - The Prada brand's revenue remained stable at €913 million, while Miu Miu saw a significant growth of 60%, contributing €416 million to the total revenue [4] - Church's recorded a mild growth of 1.8%, reaching €8.2 million [4] Regional Performance - Asia-Pacific achieved a 9.6% growth despite a challenging market environment [4] - Europe experienced a 14.3% increase driven by local consumer and tourist spending [4] - The Americas saw a 10% growth despite complex macroeconomic conditions [4] - Japan's market grew by 18%, although the growth rate is expected to slow down [4] - The Middle East was the standout market with a substantial 26% growth in retail sales [4] Strategic Initiatives - Prada continues to invest in the Chinese market, opening its first Asian dining space in Shanghai, designed by director Wong Kar-wai, offering a blend of Italian and Chinese cuisine [5][10] - Miu Miu opened its largest flagship store in Wuhan, China, as part of its expansion strategy [10] Acquisition Plans - Prada Group announced the acquisition of Italian luxury brand Versace for €1.25 billion, expected to complete in the second half of 2025, although analysts predict short-term profit pressure due to the acquisition [10]