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third-largest luxury group behind LVMH

Mon, 03 Dec 2012 17:07:39 +0900

Louis Vuitton handbags outlet In addition, Chinese consumers have been cultivating a new-found appetite for less high-profile, logo-centric brands such as PPR's Balenciaga and Yves Saint Laurent."We see that the taste is going for more sophisticated products and the market is tougher but we believe we have the right strategy for Gucci," PPR CFO Jean-Marc Duplaix told analysts on a conference call about China."In Tier 1 (most populated) cities, the competition is quite fierce, the more dynamic cities are Tier 2 (less populated)."Gucci's sales in China, which had enjoyed high double-digit growth in recent years, reached "high single digits" in the third quarter of 2012 but were "above 10 percent" on a nine-month basis, he said, adding he was confident Gucci's margins would improve this year.

PPR's total luxury sales rose 12 percent to 1.593 billion euros ($2.06 billion), and overall group sales grew 6.6 percent to 2.561 billion in the third quarter on a comparable basis.PPR is the world's third-largest luxury group behind LVMH lv handbags outlet and Switzerland's Richemont.PPR, which did not give a precise forecast for the full year other than improved sales and profits, said the disposal of its Redcats mail order unit would take several months and all options remained open. Duplaix said talks regarding the disposal of Redcats' U.S. operations were well-advanced and discussions regarding its children's and family brands had started. PPR, which wants to focus on luxury and sports brands, has been looking for buyers for Redcats' children's brand Vertbaudet and family brand Cyrillus as well as U.S. operations and its flagship mail order company La Redoute.Earlier this month, PPR unveiled plans to spin-off its CDs and books retail chain Fnac in 2013, having failed to find a buyer for the business which has been hammered by music piracy and competition from online retailers.

Duplaix said it would be listed through a distribution of shares to shareholders, with details to be made public in February. PPR shares, which have gained 20 percent so far this year, closed down 1 percent at 130.9 euros.Italian fashion house Prada SpA dismissed talk of a sharp slowdown in spending on luxury goods, posting a 59.5 percent jump in net profit and saying its sales in the past two months were on track with expectations."I think we must stay calm and be less hysterical. I don't see such a dramatic market," said Patrizio Bertelli.

Chief executive of the maker of minimalist dresses which competes with the likes of Louis Vuitton and PPR SA's Gucci.His comments on an analyst conference call come after Britain's Burberry Group Plc said on Sept. 11 its sales growth in China was far slower than expected, spooking luxury investors and raising concerns that the entire sector was in danger of stumbling.

LV handbags China's luxury market, on which global luxury powerhouses have become increasingly dependant, has been hit by weaker demand than expected due to slowing growth and a crackdown by Beijing on conspicuous consumption. But Milan-based Prada, also popular for its colored Miu Miu dresses and leather handbags, said it expected "good double-digit growth" in 2012 at shops open more than a year.” Today, looking at numbers in August and September, we are convinced that we will meet the targets indicated in our budget," Bertelli said without giving details. Asked about Burberry, Bertelli declined to comment on its competitor, but said Prada benefited from a "flexible" offer which was responsive to conditions in its different markets.

LVMH's fashion and leather sales

Mon, 03 Dec 2012 15:23:36 +0900

Louis Vuitton handbags LONDON - British luxury clothing and accessories group Burberry on Wednesday said its net profits slumped 27.5 percent in the group's first half to ￡85 million ($136 million, 106 million euros).Burberry said profit after tax dropped by almost a third in the six months to September 30 compared with net earnings of ￡117.2 million in the first half of the group's 2011/12 financial year.The group was hit by a one-off charge of ￡73.8 million related to the termination of a fragrance and beauty licence deal.Burberry last month confirmed that it would bring its perfume business totally in-house following the end of a licence relationship with French company Interparfums early next year.

Burberry had meanwhile in September warned that its second-quarter earnings had been impacted amid economic slowdown in key market China.Eurovet's London trade show for textiles, co-contractors and white label brands attracted approximately 850 visitors on October 23 and 24. The stagnant economy caused a decline of 15% compared to the show’s inaugural edition, boosting the proportion of UK LV handbags visitors.Nearly 85% of the attendees hailed from Great Britain compared to 8% from France and 4% from Belgium. According to the show’s organisers, this edition was designed to be more concentrated, with 70 exhibitors compared to 120 in November 2011. The exhibitor list included 17 French and 15 Portuguese companies as well as exhibitors from Romania, Morocco, Turkey, Italy, Lithuania, and even Pakistan.

Regarding buyers' reasons for attending the event, 29% said they were looking for new suppliers, 19% came for samples, 15% to place orders and 12% to meet their regular suppliers. A whole 16% of visitors also said they had made the trip to the show for the entertainment program and the fair's services. Buyers walking the floor included representatives from the Beaumanoir Group, Leclerc, Promod, Asos, Burberry, Ted Baker, Coast, John Lewis and Paprika. The young designer competition was won by Matthew O'Brien from the University of Liverpool. His series of couture designs in British army protective fabric wowed a jury led by Jessica Brown, head of fashion at

Amazon UK. Originally planned as a traveling trade show, Fast Fashion Tour will again return to London in October 2013, but specific dates have not yet been announced.Gucci, the world's No.2 luxury brand behind Louis Vuitton in terms of sales, confirmed a slowdown in the luxury sector as its revenue growth decelerated to 7 percent in the third quarter from 10 percent in the second and 12 percent in the first.Its performance mirrors slowing growth at other major luxury brands like Burberry and Louis Vuitton in big markets such as Asia.

Louis Vuitton handbags outlet LVMH's fashion and leather sales, of which Louis Vuitton makes up 75 percent, saw comparable sales growth slow to 5 percent in the third quarter from 8 percent in the second and 12 percent in the previous three months.PPR's results follow profit warnings by Mulberry and larger British rival Burberry, which have helped cement the view that a three-year boom in the luxury goods market is coming to an end.China - the luxury sector's main driving force since the financialcrisis of 2007/2008 - has been putting a lid on luxury spending in recent months in response to a government crackdown on corruption and conspicuous spending.

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Tue, 11 Sep 2012 12:39:56 +0900

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Tue, 13 Mar 2012 17:33:23 +0900

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Wed, 29 Feb 2012 18:08:09 +0900

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Mon, 16 Jan 2012 11:48:21 +0900

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Mon, 09 Jan 2012 10:27:17 +0900

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Tue, 03 Jan 2012 11:11:11 +0900

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Tue, 03 Jan 2012 11:10:14 +0900

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Tue, 27 Dec 2011 14:21:07 +0900

In 1990, revenue were noted with the increase of $ 460 million USD. The remarkable boost in revenue attributed Mainy strategic, Dimas' continually effective schemes. Fifty percent of product sales in the early 1990s made from Europe inspite of the intensive application Dumas' geographic growth. U.S. contributed 11 %, while the Asia / Pacific area accounted for one 3rd of turnover. In truth, the amount shot expects a turnover increase of 23 % 1984 to 1994. Even so, future gains are expected to rise only within the solitary digit proportion array.

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