The Prada Group on Tuesday posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition. The group, which owns the Prada and Miu Miu fashion brands along with Church’s footwear,

As Miu Miu surpasses the 1 billion-euro mark, the focus remains on that brand and Prada, but group CEO Andrea Guerra said when dossiers "come around you look at them."

Prada Group posted net revenues of €5.4 billion for the full year ended December 31, reflecting a 17 per cent year-on-year increase.

Prada's CEO indicated on Tuesday the Italian fashion group was at least looking at potential mergers and acquisitions following reports linking it with possible deals for fellow luxury brands Versace and Jimmy Choo.

Fashion house Prada is rumoured to be willing to pay Capri Holdings €1.5 billion for its Italian rival, Versace.

Both are world-famous, extremely successful, Italian fashion houses. But in terms of style, they are miles apart. Yet Prada and Versace might soon be found under one roof. After all, Prada is reportedly offering 1.