• Q3 underlying sales up 7.3% to EUR4.5bn
  • Gucci sales up 14.8%
  • Strong growth for brand in China

Luxury goods group PPR recorded a 7.3% rise in underlying sales, boosted by a strong performance by its Gucci brand.

Gucci’s underlying sales were up 14.8% in the three months to 30 September, while the Gucci Group of brands achieved 16.7% growth, and Puma revenues rose 4.9%.

Gucci’s performance in China was particularly strong, with Greater China accounting for 22% of Gucci sales in the quarter and achieving growth of 31%.

“Each of our major luxury brands achieved double-digit growth, our retail businesses made solid progress, and Puma’s sales rebounded,” said François-Henri Pinault, PPR chairman and CEO.

“Our very good overall performances are fuelled by vigorous marketing momentum, notably online and internationally.”