Following its full takeover of Gucci Group last week, French retail group Pinault Printemps Redoute has said it will focus the core Gucci brand on leather goods and footwear.

Speaking at PPR’s annual general meeting yesterday, chairman Serge Weinberg reported double digit sales growth of the Gucci brand in the four months to April ’04. Within the wider Gucci Group, sales by the luxury shoe maker Bottega Veneta climbed by more than 50%.  “We have to pursue Gucci’s development in products at the heart of its range, in leather goods and shoes which are at the heart of Gucci’s identity and which provide 70% of its turnover,” commented Weinberg.

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