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.

To access this article, click here to subscribe or to log in.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus