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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)