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March 09, 2006
PPR Profits On Gucci Group
French retail group PPR registered a nearly 10% rise in operating profit for 2005, thanks in part to the strength of its Gucci brand.
The group, which also owns Yves Saint Laurent, reported earnings before taxes of €1.08 billion. The results were slightly below analysts’ expectations but still represented a strong showing.
PPR said that its luxury division, centered on Gucci, also saw strong gains at the start of this year indicating a positive retail environment going forward.
Posted by Blacks on March 9, 2006 08:47 AM
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