Prada posted a disappointing performance in FY15 with flat sales and deteriorating margins. Consolidated revenues amounted to €3.55bn, pulled up by the developing retail network which increased its sales by 2.6% to €3.06bn. The continuing reduction in the exposure to wholesale reduced its revenues by 16.5% to €444.8m. Royalties were underpinned by the launch of the first Miu Miu fragrance and reached €43.4m (+13.5%). The negative sales momentum is mainly originating from t
