By  on April 28, 2011

PARIS — PPR rode strong demand for luxury goods in the first quarter to post a better-than-expected 9.1 percent rise in revenue during the period, despite an abrupt drop-off in sales in Japan following the March 11 earthquake and tsunami.

PPR — whose assets range from luxury brand Gucci to books, music and electronics retailer Fnac — posted revenue of 3.71 billion euros, or $5.07 billion, in the three months to March 31 versus 3.4 billion euros, or $4.71 billion, in the same period a year earlier, up 6.5 percent on a comparable basis.

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