By  on February 28, 2008

PARIS — Business may be cooling in America, but PPR chief executive officer François-Henri Pinault on Wednesday said emerging markets like China should stoke luxury growth this year.

Pinault made the comments as he reported that PPR's net income advanced 34.6 percent in 2007 to 922 million euros, or $1.26 billion at average exchange, from 685 million euros, or $860.4 million, thanks to robust luxury business and the integration of Germany's Puma, which PPR bought control of last year.

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