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However, unlike the younger brand Miu Miu (31 percent of the group's turnover), Prada saw a slight decline in sales in the first quarter (-0.2 percent). The Prada Group, whose sales increased by 12.5 percent year-over-year in the first quarter, announced in early April the acquisition of rival Versace by the US group Capri Holdings for 1.25 billion euros.
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