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September 07, 2006
Gucci's Sales Soar In First Half Of '06
Strong sales of luxury apparel and accessories sent PPR’s profits climbing 27% in the first half of the year. The French group, which owns Gucci and Yves Saint Laurent, said that luxury sales were ‘exceptional’ during the period.
Sales at Gucci climbed 20% for the six months ended June 30, while its recurring operating income soared 69%.
PPR predicted continued strong sales in luxury for the remainder of the year, noting that sales in July and August had been brisk.
Posted by Blacks on September 7, 2006 09:35 AM
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