PPR celebrates strong six months
31/08/2007
Luxury-goods group PPR said today that its profit had more than doubled in the first half of 2007 thanks to a stronger performance from its Bottega Veneta brand of high-end leather goods, its Yves Saint Laurent haute coûture brand, and the acquisition of a majority stake in sportswear group Puma.
The group said the positive trends seen in the first half of the year had also continued into July and August, leading it to predict “favorable prospects” for the year as a whole.
Net income for the first half rose to €326 million from €134 million for the same period last year. Sales grew 11.4% to €9.24 billion.
