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PPR could make further acquisitions

17/12/2012
Luxury products group PPR will look to make further brand acquisitions, particularly outside western Europe and the US. Chief executive, François-Henri Pinault, made the comment to the Financial Times in mid-December, following the announcement that PPR had acquired Qeelin, a Hong Kong-based jewellery brand.

Along with “hard luxury” and ready-to-wear, leathergoods will remain a firm part of PPR’s strategy, he said. Leathergoods brands already in the PPR portfolio include Gucci, Bottega Veneta and Sergio Rossi.

Mr Pinault told the newspaper that the luxury goods market had “exploded” in the last ten years. When it focused on three main markets, the US, Europe and Japan, the sector had access to around 800 million consumers. Now that brands are also winning large volumes of business in China, India, Indonesia, Mexico and Brazil, there will be, he said, 3 billion potential new customers to attract in the coming decades.


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