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Prada sales, earnings and share price soar

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Prada sales jumped as the Italian fashion group benefited from a strong appetite for its brushed leather loafers and slingback pumps.

Net revenue in 2022 rose to €4.2bn, up 21% at constant exchange rates, the group said in a statement on Thursday. Analysts had expected revenue of €4.01bn. Demand in Europe was particularly strong. Adjusted earnings before interest and tax soared more than two-thirds...

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