PARIS — PPR said Friday it was confident heading into 2013 after posting a 6.3 percent rise in net profit last year, as it reduced its reliance on sluggish European markets and continued to expand in rapid-growth economies, where the appetite for luxury goods remains undimmed.
The French luxury-to-lifestyle conglomerate, whose brands include Gucci, Yves Saint Laurent, Bottega Veneta and Puma, posted net income of 1.05 billion euros, or $1.35 billion, in 2012 versus 986 million euros, or $1.37 billion, the previous year. All dollar rates are calculated at average exchange rates for the period concerned.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"