The parent group to Gucci, Pinault-Printemps-Redoute (PPR), has posted strong results for the first quarter 2004. Group sales rose 5.5% on a comparable basis to €5.8 billion while revenues were particularly strong for the company’s luxury goods division (including Gucci and Yves Saint Laurent) rising 11.5% to €741.7 million. Sales for the Gucci brand rose 5.4% on a reported basis to €466.1 million while retail sales were up 15.5% on a constant exchange rate basis, driven by excellent growth in Europe (+13.5%), the US, (+25.2%), Japan (+8.5%) and Asia excluding Japan (+25%).

Share this story: