Polet, Gucci Group galvaniser, wins Fortune award

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Polet, Gucci Group galvaniser, wins Fortune award

January 09, 2008

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Fortune magazine has named Robert Polet, the Dutchman who brought the brands of the Gucci Group back into profit, as European Businessman of the Year, Reuters reported.

When the former head of the ice cream and frozen foods division at Unilever took over at Gucci Group, he assigned a creative director and financial manager to each brand. As a result, several brands—including jeweler Boucheron—reached expectations ahead of their three-year targets.

The multi-brand luxury group is now owned by France's PPR. Nine-month sales were up 15.2 percent to approximately $4.08 billion. Half-year operating income rose 55 percent to 286 million euros on sales up 14.8 percent to 1.773 billion euros.

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