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September 09, 2005
Gucci Gold
The Gucci Group reported Friday a 16 percent surge in profits for the first-half of 2005, citing strong demand for luxury goods. Gucci’s success served to boost results for its parent company, France’s PPR SA, despite a lackluster performance from some of the group’s lower-market ventures.
Gucci said that it has benefited from a balance between traditionalism and innovation, and from its expansion into Asian markets.
PPR said that its Yves Saint Laurent and Boucheron labels managed to narrow their losses in the period but exact figures were not released for the struggling brands.
Posted by Blacks on September 9, 2005 03:41 PM
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