By  on October 26, 2011

PARIS — In further evidence that the luxury sector is defying economic gloom, French retail-to-luxury group PPR said revenues rose 8 percent in the third quarter, boosted by strong appetite for designer goods in both emerging and mature markets.

PPR — whose assets range from luxury brand Gucci to mail-order division Redcats — reaffirmed its full-year target of beating 2010 results after posting revenue of 3.86 billion euros, or $5.46 billion, in the three months to Sept. 30, versus 3.57 billion euros, or $4.60 billion, in the same period a year earlier, up 7 percent on a comparable basis.

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