GUCCI make much "Profits"
Saturday, 16 February 2013
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Shares of French luxury goods company, PPR,increase more than 7% in Paris to the highest level in 12 years.
Increased profits leap it gives for companies with leading brands like Gucci and Yves Saint Laurent are.
as reported, net income increased 6.3% to 1.4 billion euros, while sales jumped 20% to 9.7 billion euros, boosted by sales of Bottega Veneta handbag collection.
PPR boss Francois-Henri Pinault call these excellent results.
Pinault added that he believes the financial and operational performance will increase significantly in 2013.
"These results are positive and confirm that the PPR holding the balance in selling the red stuff, which is currently beating competitors like LVMH," he told Reuters.
Emerging markets
The company highlighted that 40% of their global revenues come from emerging markets.
Last year the company purchased shares of luxury jewelry company China Qeelin.
The company has two main business types - luxury goods and sports and lifestyle brands. Including having a 82% stake in German sportswear manufacturer, Puma.
But in contrast to the success in the luxury market, Puma profit declined 70% to 70 million euros.
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Judul: GUCCI make much "Profits"
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