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PPR buoyed by luxury sales Thursday, 26th April 2012
Photo credit: Stella McCartney Spring Summer 2012 campaign
French retail conglomerate PPR posted a rise in first quarter revenues on Wednesday, thanks to strong luxury sales which managed to soften the effects of slower trading at its retail outlet Fnac and sportswear company Puma.
After taking out acquisitions and currency fluctuations, sales at PPR’s luxury division grew 17.8 per cent, thanks to strong growth in China and a thriving tourism trade in Europe and the US.
The Stella McCartney, Gucci and Yves Saint Laurent owner said its luxury division accounted for almost half of company sales.
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Posted in fashion, Franchise & Expansion, Luxury Goods Tagged ppr, retail, luxury, french, puma, gucci, yves saint laurent, fnac, sports, design, figures, quarter, news, stella mccartney
