Prada SpA reported a significant sales increase in the third quarter, driven by strong demand for Miu Miu’s Arcadie handbags and cashmere cardigans. Comparable retail sales rose 18%, with Miu Miu's sales more than doubling, while Prada's sales grew by 1.7%.
UBS has lowered its target for L'Oréal to 415 euros, maintaining a 'Neutral' rating. As the world's leading cosmetics group, L'Oréal's sales are primarily driven by skin care (39.9%), make-up (19.7%), and hair care products (15.4%), with significant contributions from luxury and active cosmetics. Geographically, net sales are distributed across Europe (31.6%), North America (27%), and North Asia (25.9%), among others.
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