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
Ultra high net worth (UHNW) luxury watch manufacturers and retailers With a net worth of US$26 billion, Bernard Arnault, chairman and CEO of LVMH, is the world’s richest watch titan, according to Wealth-X top 10 UHNW global watch titans list. Francois Pinault, founder of PPR, ranked second with a net worth of US$9.9 billion. In third … Read more
PPR luxury group third-quarter 2012 revenue PPR continue to boast strong performances even as growth cools in the luxury and high-end market PPR posted third-quarter 2012 revenue of €2.6 billion, up 6.6% versus the same 2011 period on a comparable basis. PPR’s Luxury division posted an 11.9% leap in revenue in the third quarter of the … Read more
After a decade dedicated entirely to invention and development of new mechanisms for tourbillon watch complication, Greubel Forsey stunned the watchmaking world with a new artwork – the reinterpreted GMT watch indicating a second time zone with a three-dimensional temporal representation. The case features a rotating terrestrial globe with a truly original view of time … 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