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PPR revenue grows in 1Q

April 30, 2007

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Paris—French luxury conglomerate PPR saw revenue climb 5.6 percent in the first quarter of 2007 to $6 billion.

At its Gucci Group, sales posted a 15.9 percent increase in revenues over the first period in 2006, despite unfavorable exchange rates.

The group posted double-digit growth in all regions, including North America (16 percent), China (87 percent) and Japan (10 percent).

The Gucci brand increased 10.2 percent in sales for the quarter, benefiting from strong growth in leather goods in North America and in the Asia-Pacific region excluding Japan, and from the success of its ready-to-wear and footwear collections.

PPR employs about 78,000 people in 75 countries. Its retail businesses consist of the Gucci Group (Alexander McQueen, Bedat and Co., Bottega Veneta, Boucheron, Gucci, Sergio Rossi, Stella McCartney, YSL Beaute and Yves Saint Laurent), the Redcats Group, Fnac, Conforama and CFAO.
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