Gucci

PPR says to focus on cash and cost-cutting

Reuters | Thu, May 7

Thu, May 7 PARIS, May 7 (Reuters) - French retail and luxury group PPR (PRTP.PA) on Thursday pledged to focus on cutting costs and generating cash to emerge stronger from the current consumer downturn. PPR, which owns the French luxury group Gucci and retailers ...

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2 mainstream media weighed in on a similar topic

Last Month, Reuters says (in Richemont and LVMH see tough times ahead) It posted a 4.9 percent rise in first-quarter sales at constant exchange rates. PPR (PRTP.PA), owner of luxury group Gucci, last week pledged to continue focusing on cutting costs and generating cash and said it had made progress on shop closures. ...

2 Months Ago, eTaiwan News says (in Puma 1Q net profit falls to euro5.6 million) Taiwan
Around 65 percent of Puma shares are owned by the French retail and luxury goods company PPR, which also has interests in companies including the Gucci group. Shares of Puma were down about 1 percent at euro162 in Frankfurt morning trading.
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