PARIS — France's PPR, the retailer that owns Gucci Group, on Thursday posted better-than-expected fourth-quarter sales and suggested it could weather a U.S. slowdown.
PPR's sales in the three months through December gained 15.1 percent to 5.88 billion euros, or $8.51 billion at average exchange, propelled by Gucci as the Italian brand experienced double-digit growth across all its major categories.
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