PPR Q1 revenues rise 15.4 per cent on luxury division
The owner of the Gucci and Yves Saint Laurent fashion brands posted sales of 3.26 billion euros ($4.30 billion) for the three months to March 31. Sales in luxury goods grew 17.8 percent on a comparable basis.
Germany's Puma, of which PPR owns 80 percent, missed expectations with a 5 percent fall in first-quarter earnings, as the group was hit by wariness among European and Chinese consumers.
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