SWITZERLAND: PPR expands logistics platform
Luxury goods group PPR has moved to expand its distribution and logistics platform with the acquisition of a site in Switzerland.
PPR subsidiary LGI (Luxury Goods International), which operates international distribution for brands including Gucci, Yves Saint Laurent and Alexander McQueen, purchased the 40,000 sq m site in the industrial zone of Sant’Antonio.
The new building will extend the distribution capacity of the company’s existing site in the neighbouring town of Cadempino, helping to meet the mid-term demands of PPR’s anticipated growth.
Development of the land, which was bought for an undisclosed sum from Arco Real Estate Development, is subject to the granting of final building permission from the local authorities.
PPR said the new site would comply with environmental regulations, including LEED standards, and would be divided into a logistics area, a car parking area and a green area bordering residential areas.
“Our worldwide distribution and logistics hub of Cadempino is a strong competitive advantage for our luxury brands and, as such, is a key asset for PPR,” said Alexis Babeau, deputy CEO, PPR Luxury Group.
“This transaction enables PPR to extend this very efficient tool in order to fulfill mid-term predictable growth of our luxury goods sales.”
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