Footwear lifts performance at PPR
French luxury goods group PPR has posted revenues of €17.9 billion for 2006, up 5.9% on an actual basis and 4.8% on a comparable basis on 2005. Revenues outside
In the fourth quarter, total sales increased to €5.4 billion, up 3.2% on an actual basis and 2.2% on a comparable basis on the fourth quarter of 2005.
The company’s Luxury Goods division again posted strong growth. Gucci Group recorded a 15.7% increase in fourth quarter revenues on a comparable basis and an 18.1% full year increase. As in the previous quarter, double-digit growth was recorded across all geographic regions, in particular
Bottega Veneta recorded growth of 66% in the fourth quarter in leather goods, ready-to-wear and shoes. The brand posted a record year with full year growth of almost 70% in 2006. All the geographic regions performed well, particular
Yves Saint Laurent also recorded a 22.3% in revenues in the fourth quarter and 19.1% for the year. The strongest increase was in leather goods, driven by the success of the Muse, Rive Gauche, reversible Double and Downtown bags.
