NEW YORK — Cutting the size of the bill coming due in 2004, Pinault-Printemps-Redoute SA quietly added 1 percent to its stake in Gucci Group NV during the past two months.

According to a Schedule 13D filed with the Securities and Exchange Commission, PPR, through its Scholefield Goodmann BV subsidiary in The Netherlands, acquired a total of 1,097,323 common shares of Gucci between Oct. 17 and Dec. 24, boosting its stake in the Dutch luxury powerhouse to 54.1 percent of outstanding shares. This reduces the percentage of Gucci shares held by other parties to 45.9 percent.

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