Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

The Associated Press April 25, 2012, 12:23PM ET

Solid Q1 sales growth at French luxury group PPR

Blockbuster growth in luxury sales drove an 11 percent gain in first-quarter revenue at French retail and luxury group PPR.

The company behind Gucci and Bottega Veneta said Wednesday that its luxury division posted a 29 percent increase in January to March. That helped bring the group's total sales to (EURO)4.1 billion ($5.4 billion) for the quarter.

The company is in the process of selling off some of its poor-performing retail operations, including the Redcats group. Sales from only continuing operations were up 15 percent to (EURO)3.3 billion.

The group said its luxury division grew in the double-digits in all regions. An economic slowdown in the West makes it especially important for companies to push into emerging markets, which PPR said now represent 40 percent of its luxury revenue.

BW Mall - Sponsored Links

Buy a link now!