Date: 27th October 2008
Author: Data Monitor
Oct 27, 2008 (Datamonitor via COMTEX)
Luxury goods retailer PPR has reported group sales of E4.9 billion for the third quarter of fiscal 2008, up 1.7% in reported terms and 1.8% on a comparable scope and exchange rate basis compared to the third quarter of fiscal 2007.
For the first nine months of fiscal 2008, PPR posted sales of E14.5 billion, up 8.1% in reported terms and 3.6% on a comparable scope and exchange rate basis compared to the same period in 2007. Sales outside France represented 62% of total group sales.
Francois-Henri Pinault, chairman and CEO of PPR, said: "Thanks to a balanced business profile and the strength of its global brands, PPR achieved sales growth of more than 8% in reported terms over the first nine months of 2008, despite the deteriorating consumer environment in the third quarter. In line with the commitments undertaken by all brands and companies before the summer, a number of action plans are being carried out while others will be initiated in the near future."
Fashion & Retail
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