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February 28, 2008
PPR's Income Soars On Strength Of Gucci, Puma
French luxury group PPR reported a 34.6% jump in net income for 2007 to $1.26 billion. The results were driven by a strong performance at Gucci and the recent integration of Germany’s Puma.
Gucci ‘s operating income increased by 5.7% to $887 million with total sales of $3 billion.
PPR said that its Bottega Veneta brand also brought in strong sales. The group is still working to reach breakeven on its Yves Saint Laurent investment.
Posted by Blacks on February 28, 2008 09:36 AM
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