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PPR says to focus on cash and cost-cutting external link

Rate   Reuters | Thu, May 7

Thu, May 7  India
PPR, which owns the French luxury group Gucci and retailers Conforama and Fnac, has been hit hard by the financial crisis and reiterated it would steer clear of making any major acquisitions or disposals. Analysts have been regularly speculating the ...

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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. ...

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