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April 27, 2006
Sales Soar At Gucci
Gucci Group’s first quarter sales soared 19 percent to over $1 billion, buoyed by strong demand for luxury goods in Asia and Japan in particular.
The Gucci brand benefited from the popularity of Frida Giannini’s RTW collection, the group said.
Gucci’s parent company, French conglomerate PPR, reported a sales increase of nearly 8 percent to $5.3 billion for the quarter ended March 31. PPR said it is benefiting from general economic expansion and strong demand in international markets.
Posted by Blacks on April 27, 2006 11:18 AM
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