French luxury goods group Pinault Printemps Redoute Sa has reported a 23 per cent rise in first quarter revenues from the 5.5bn euros ($4.9bn) recorded in the first three months of 2000 to 6.76bn euros ($6.05bn) in 2001. Revenues from the group luxury division saw a massive 65 per cent rise to 667m euros from the 404m euros recorded in the same period last year.