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NETHERLANDS: Gucci Profitability Soars To EUR53.1m In Q3 just-style.com | 19 Dec 03

Luxury goods company Gucci Group NV has posted third quarter net profit of EUR53.1 million, a slight increase on the EUR53m recorded in the same period last year but a vast improvement on the EUR1.2m recorded in second quarter 2003.


NETHERLANDS: Gucci CEO Santucci To Stay On just-style.com | 2 Dec 03

Gucci president Giacomo Santucci has announced he will stay with the luxury brand despite the impending departure of CEO Domenico De Sole and head designer Tom Ford.


FRANCE: PPR Identifies Possible Replacements For Gucci's De Sole just-style.com | 26 Nov 03

Pinault-Printemps-Redoute (PPR) has identified about 20 possible replacements for Domenico De Sole as CEO of its Gucci label, according to the head of the company’s family holding vehicle.


FRANCE: PPR Lifts Stake In Gucci To 67.7% just-style.com | 5 Nov 03

French retail goliath Pinault Printemps Redoute has again lifted its stake in luxury goods firm Gucci Group NV.


THE NETHERLANDS: Gucci Stars Ford, De Sole To Leave just-style.com | 4 Nov 03

Luxury goods giant Gucci Group NV was left reeling on Tuesday after the creative mastermind behind its best-selling fashions, Tom Ford, and chief executive officer, Domenico De Sole, announced they are to leave next year.


FRANCE: Gucci Owner PPR Reveals Slide In Q3 Sales just-style.com | 16 Oct 03

The owner of luxury goods giant Gucci and Europe's largest non-food retailer, Pinault-Printemps-Redoute SA, on Thursday said its third quarter revenue slumped 16 per cent year-on-year.


FRANCE: PPR Sets New Put Option Price For Gucci Shares just-style.com | 3 Oct 03

Major French retail group Pinault Printemps Redoute SA on Friday said it had lowered a put option price on shares in luxury goods giant Gucci Group NV it does not already own to $85.52 from $101.50.


FRANCE: PPR H1 Net Profit Plummets 58% just-style.com | 4 Sep 03

France's Pinault Printemps Redoute, best known for its controlling interest in luxury goods maker Gucci Group NV, on Thursday reported a 58 per cent drop in first-half net profit which is partly blamed on the slumping luxury sector.


FRANCE: PPR Lifts Gucci Stake To 66.6% just-style.com | 22 Aug 03

French retailer Pinault-Printemps-Redoute SA has again increased its stake in luxury goods giant Gucci Group NV.


FRANCE: PPR Raises Gucci Stake To 65.6% just-style.com | 4 Aug 03

French retail group Pinault-Printemps-Redoute SA on Friday announced it had increased its stake in luxury goods firm Gucci Group NV to 65.6 per cent from 64.7 per cent.


FRANCE: Retail Giant PPR Lifts Gucci Stake To 64.7% just-style.com | 22 Jul 03

French retail giant Pinault Printemps Redoute SA (PPR) has lifted its stake in luxury goods firm Group NV to 64.7 per cent from 63.7 per cent.


FRANCE: Retail Giant PPR Posts Fall In Q2 Sales just-style.com | 17 Jul 03

Europe's biggest non-food retailer Pinault Printemps Redoute (PPR) on Thursday reported a slide in second quarter sales as it was hampered by the drop in the value of the US dollar and SARS outbreak. The company reported sales of 5.97 billion euros versus 6.6 billion euros in the year-ago period with first half sales falling to12.27 billion euros from 13.31 billion euros in the same six month period of 2002.


THE NETHERLANDS: Gucci CEO Sees Excellent Profit Growth just-style.com | 16 Jul 03

The head of luxury goods company Gucci Group NV on Wednesday said he expects to post "very strong profitability" this year despite the 97 per cent plunge in first quarter net profit.


THE NETHERLANDS: Gucci Q1 Profit Plunges 97% On SARS, Euro Woes just-style.com | 2 Jul 03

Luxury goods giant Gucci Group NV on Wednesday posted a staggering 97 per cent plunge in first quarter net profit from the year-ago period as it was hit by the rising strength of the euro and the deadly SARS outbreak in Asia.


THE NETHERLANDS: PPR Lifts Gucci Stake Slightly just-style.com | 11 Jun 03

French retail group Pinault Printemps Redoute SA has slightly raised its majority stake in luxury goods giant Gucci.


FRANCE: Buying Gucci Will Cost EUR7.1bn Says PPR CEO just-style.com | 22 May 03

French retailer Pinault Printemps Redoute SA will have to shell out 7.1 billion euros to buy Italian fashion house Gucci, PPR chief executive Serge Weinberg has revealed.


FRANCE: PPR Q1 Revenue Dips 6.1% just-style.com | 17 Apr 03

Revenue at retailer Pinault-Printemps-Redoute SA was down by 6.1 per cent in the first quarter, hit by the strong dollar and tough trading in its wholesale division.


FRANCE: Retail Giant PPR Doubles FY Profit On Asset Sales just-style.com | 5 Mar 03

French retail group Pinault Printemps Redoute (PPR), which holds a 60 per cent stake in luxury goods giant Gucci NV, on Wednesday revealed it more than doubled its 2002 net profit to 1.589 billion euros from 753 million euros in 2001.


ITALY: Top Designer Tom Ford In Gucci Pledge just-style.com | 3 Mar 03

Top Gucci designer Tom Ford has pledged to stay at the famous fashion house for as long as he has freedom over its creative operations. Ford recently revealed his contract and that of CEO Domenico de Sole are up next year - when PPR is set to buy out minority shareholders - and both have yet to sign an extension.


FRANCE: Fall In Profit Forecast For PPR just-style.com | 28 Feb 03

Pinault Printemps Redoute (PPR) is expected to post an 8.2 per cent drop in 2002 operating profit next week as it battles tough economic conditions and a slowdown in the luxury goods market.


FRANCE: PPR To Buy Three Million Gucci Shares just-style.com | 24 Jan 03

French retail giant Pinault Printemps Redoute on Friday revealed it has agreed to buy three million more shares in Italian fashion house Gucci.


FRANCE: PPR Confirms It Holds 55% Stake In Gucci just-style.com | 17 Jan 03

French retail giant Pinault-Printemps-Redoute SA on Thursday declined to specify any agenda for raising its stake in luxury goods firm Gucci Group NV.


THE NETHERLANDS: PPR Snaps Up 1.1m Gucci Shares just-style.com | 2 Jan 03

French retail giant Pinault Printemps Redoute has increased its majority stake in luxury goods group Gucci through the purchase of 1.1 million shares over the past few months for about $102.3 million, Gucci has revealed.


FRANCE: Spending Slowdown Hits PPR Q1 Sales just-style.com | 22 Oct 02

French retail giant and owner of Gucci Group NV, Pinault Printemps Redoute (PPR), on Tuesday posted a 1.6 per cent slip in third quarter sales amid a tough global retail environment. The company, Europe's biggest non-food retailer, said turnover fell to 6.42 billion euros from 6.52 billion in the year-ago period, with nine-month sales down 1.5 per cent to 19.73 billion euros from 19.75 billion euros in 2001.


FRANCE: Gucci, PPR Keen To Boost Gucci Share Price just-style.com | 14 Oct 02

The chairman of luxury goods giant Gucci Group NV, Domenico De Sole, has revealed one of his and parent firm, Pinault Printemps Redoute, key aims is to lift Gucci’s share price above $101.50 a share by March 2004.


FRANCE: PPR H1 Profit Slips To 283m Euros just-style.com | 5 Sep 02

French retailer Pinault-Printemps-Redoute SA on Thursday announced a 5.4 per cent fall in first half net profit amid tough retail conditions but said it was confident profits would rebound in the second half. The company, which has a 53.2 per cent stake in luxury goods giant Gucci Group NV, said first half net profit fell to 283 million euros from 299 million euros in the year-ago period, with revenue down 1.5 per cent to 13.3 billion euros from 13.5 billion euros in 2001.


FRANCE: PPR Hires Denis Olivennes For New Branding Role just-style.com | 2 Sep 02

French retail giant Pinault Printemps Redoute (PPR) - owner of Gucci and various other luxury and high-street brands - on Monday named Denis Olivennes as Chief Executive Serge Weinberg's new right-hand man.


FRANCE: PPR Revenue Drops 2.1 Per Cent On Tough US Market just-style.com | 18 Jul 02

Tough trading conditions in North American continue to impact French retailer Pinault-Printemps-Redoute SA which today said revenue dropped 2.1 per cent in the second quarter. In a statement, PPR chief executive Serge Weinberg said it was encouraging to note that like for like, second quarter revenue outside North America was up 0.2 per cent, compared with a 0.8 per cent drop in the first quarter.


THE NETHERLANDS: Gucci CEO Sees Tough 2002 just-style.com | 15 Jul 02

Domenico De Sole, chief executive of luxury goods maker Gucci Group NV today told an annual shareholders meeting that business conditions would remain tough until the end of 2002. However, he maintained the company's full-year profit forecast, and said Gucci's full-year forecast that diluted earnings per share would come in at 2.60-3.00 euros, a decline of three to 16 per cent from last year.


FRANCE: PPR Hit By Sweatshop Allegations just-style.com | 7 Jun 02

French retail conglomerate Pinault Printemps Redoute (PPR) - owner of Gucci and dozens of other luxury and high-street brands - has come under fire from unions and protest groups over the buying practices of some of its best-known subsidiaries.

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