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
Yves Saint Laurent and PPR luxury group announced the appointment of Hedi Slimane as Creative Director of the maison Yves Saint Laurent. Slimane will assume total creative responsibility for the brand image and all its collections. In parallel with this new position, the designer will continue to pursue his career in photography. Hedi Slimane thus … Read more
Between France and Italy, the men’s wear business is “ready-to-war,” says Suzy Menkes in her latest article dedicated to men’s wear booming. The French luxury companies have seized the opportunity to ally with Italian savoir-faire. PPR, the luxury group headed by François-Henri Pinault, completed its 100 percent purchase of the Italian men’s wear brand Brioni. … Read more
Brioni bought by PPR luxury and retail group In order to strengthen its position in the high-end menswear market, PPR luxury group will acquire Italian men’s fashion brand Brioni. Zegna and Eurazio, the French private-equity firm, had also talks with the Bond suit-maker about a potential offer, but PPR is the winner of this contest. … Read more
Luxury Group PPR sees 7 pct increase in sales, led by luxury divisions French retail and luxury company PPR posted a solid increase in revenue for the third quarter as its luxury divisions made up for shortfall in retail. The company behind Yves Saint Laurent and Gucci said Wednesday that a 25-percent jump in sales … Read more
Luxury brands stalk Bond’s outfitter Suitors are stalking luxury Italian brand Brioni – known for dressing James Bond 007 and presidents including Barack Obama. Zegna, an Italian luxury brand, PPR, one of France’s biggest luxury houses, and Eurazeo, the French private-equity firm, are all known to have had recent talks with the Bond suit-maker about … Read more