The firm raised its full-year guidance as a result and continues to increase prices across the portfolio.
The company reported strong demand for its fashion and accessories and a sharp sales rebound driven by Greater China and the Americas.
The strategies set in motion by Prada’s chief executive officer resulted in growth in profitability and revenues in the first six months of the year.
Prada reported a 60 percent growth in revenues, reflecting solid gains in Asia-Pacific and U.S. markets.
The company has returned to pre-pandemic growth but supply chain worries loom.
The platform company’s second quarter showed just how lucrative the space between brands and online consumers has become.
Gucci owner Kering rode a wave of U.S. luxury spending in the second quarter to deliver better-than-expected results.
Moncler, which consolidated the Stone Island business in April, returned in the black in the first half of the year.
Organic sales at Gucci, which is celebrating its centenary, rose 86 percent in the second quarter, exceeding analysts’ expectations.
The fashion and leather goods division, home to Louis Vuitton and Dior, remains the key driver of growth at the world’s largest luxury group.
Sales in the key fashion and leather goods division were up 40 percent in the second quarter versus the same period in 2019, led by Louis Vuitton and Dior.
The Italian designer expressed confidence in the resilience of his namesake company, which registered a 34 percent increase in sales in the first half of 2021, after a 2020 impacted by the COVID-19 pandemic.
Unilever’s overall underlying sales were up 5.4 percent to 25.8 billion euros in the six months to June 30, while profit declined due partly to cost price inflation.