Well, I told y'all that Gucci was on the mind... which has led me to stumble upon this interesting piece of news about Gucci via Fashion Wire Daily....
PPR, the owner of the Gucci Group, has announced a 7.9% increase in the first quarter of 2006. When divided into two groups, the luxury sales side saw an increase of 19% and the retail division grew by 5.6%.
"The Group's performance in the first quarter of 2006 confirms the strong growth dynamics of our businesses. Higher sales in Retail reflect our international expansion and benefit from sustained household consumption in France. In Luxury Goods, once again, all our brands posted strong growth across all markets," said PPR's Chairman and CEO François-Henri Pinault.
PPR owns other brands such as Bottega Veneta, Yves Saint Laurent, Balenciaga, Stella McCartney, Alexander McQueen, and more. The company did $21.8 billion (U.S.) in sales last year!
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