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April 27, 2007
Luxury Drives PPR's Q1 Sales
PPR got a first quarter boost from luxury brands Gucci, Bottega Veneta and Yves Saint Laurent, it said this week. The French group reported a total sales gain of 5 percent for the period ended March 31 to $5.8 billion.
While PPR’s non-luxury operations posted middling results, sales at Gucci Group increased by 10.7 percent, Bottega showed a 45 percent gain and YSL’s sales jumped 30.2 percent.
Blacks’s Take: PPR’s results show enduring demand for luxury goods across all markets.
Posted by Blacks on April 27, 2007 09:47 AM
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