PARIS - France's PPR on Thursday said luxury drove 2005 net income ahead 11.2 percent and voiced "confidence" for 2006 thanks to a robust start at Gucci Group and improved retail conditions at home.Luxury sales through the end of February grew 19 percent, with contributions from all of the group's brands, including Yves Saint Laurent, Bottega Veneta, Gucci and Balenciaga. "Luxury should have a very solid year," PPR chairman and chief executive Francois-Henri Pinault told a meeting of analysts and reporters here.Organic growth continues to be PPR's top priority, Pinault said. But he didn't rule out "strategic" acquisitions, and said the Redcats mail-order division would profit from the acquisition of a non-clothing operation with a solid Internet presence in the United States.For complete coverage, see tomorrow's WWD.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styled by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)