Hong-Kong-listed shares in the Italian luxury-fashion giant (HK:1913) closed almost 15% higher at HK$63.90 Friday according to FactSet, handing Prada a market value of nearly HK$163.51 billion, equivalent to about $20.91 billion. Retail sales, which account for the lion's share of Prada's revenue, climbed 17% at constant exchange rates. Retail sales in the Asia-Pacific region jumped 24%, with Japan reporting 44% growth. Write to Andrea Figueras at andrea.figueras@wsj.com and to Mauro Orru at mauro.orru@wsj.comThis content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires03-08-24 0812ETCopyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal March 08, 2024 13:20 UTC