PPR acquires a majority stake in the Chinese fine jewellery brand Qeelin PPR group is increasing its portfolio of luxury brands in the jewellery segment and its presence on the Chinese market by acquiring a majority stake in the Chinese fine jewellery brand Qeelin. The transaction should be finalized in January 2013. Launched in 2004, … Read more
Balenciaga appoints Alexander Wang Creative Director PPR’s Balenciaga announced the appointment of Alexander Wang to the post of Creative Director of the Balenciaga fashion house, after PPR said goodbye last month to Nicolas Ghesquiere, Balenciaga’s designer of 15 years, who it is said to have put the brand back on the fashion map. Alexander … Read more
Strong Q1 sales growth for French luxury group PPR • Group sales up 8% comparable, +15% reported • Luxury division: +18% comparable, +29% reported • Sport & Lifestyle division: +3% comparable, +15% reported In the first quarter of 2012, PPR posted €3.3 billion in revenue from continuing operations, up 7.9% on a comparable basis and … Read more