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Versace Said Likely to Fire CEO Today After Donatella Tussle
Original at Bloomberg
• Sun, May 24
“Di Risio did a good job of turning Versace around and positioned it well,” said Carlo Pambianco, a Milan-based fashion industry consultant. “Versace can't try to compete with larger brands, such as Armani or Gucci. He established its own niche. ...
Commerzbank, Luxottica, PPR, Repsol: European Equity Preview
Original at Bloomberg
• Thu, May 7
PPR SA (PP FP): Chief Executive Officer Francois-Henri Pinault declined to give full-year earnings estimates for the owner of the Gucci brand, saying “visibility is low.” The shares dropped 2.26 euros, or 3.6 percent, to 60.93 euros. ...
Arnault's Bubbly Moet Price May Uncork More Luxury, Drink Deals
Original at Bloomberg
• Fri, May 1
A decade ago, Arnault fought the Pinault family's PPR for control of Gucci and lost. Today, the Italian-based label may be worth 9 billion euros, according to Sanford C. Bernstein & Co.'s Luca Solca, and has a profit margin of about 28 percent, ...
PPR Opens Biggest Gucci Store, Targeting Japan's Luxury Market
Original at Bloomberg
• Wed, Nov 1
- 2 (Bloomberg) -- PPR SA is opening its first building devoted entirely to Gucci goods in Tokyo in a bid to increase its share of Japan's 1.17 trillion yen ($10 ... PPR Opens Biggest Gucci Store, Targets Japan's Market (Update1) Bloomberg all 2 news articles
PPR First-Half Net Income Falls 12 Percent, Reflecting Sale of Printemps
Original at Bloomberg
• Wed, Sep 6
Sep. 7 (Bloomberg) -- PPR SA, the French retailer that owns Gucci, said first-half profit dropped 12 percent as the company sells its Printemps department store to focus on luxury brands including Yves Saint Laurent.