PPR missed first-quarter sales forecasts, particularly for its Gucci fashion label and Puma sports brand, hit by sluggish trading in Europe and slower growth in China.
- Sat
- May 25, 2013
- Updated: 3:01pm
Trending topics
A lot of people, especially men, seem to find the idea of shopping addiction funny, but like sex addiction, the phenomenon is very real and getting worse as a consequence of internet shopping.
The firm that owns the Gucci and Yves St Laurent fashion labels is targeting more big brands in the luxury market, to cash in on the demand for status symbol fashion items among Chinese consumers...
PPR, the French owner of Gucci, acquired a majority stake in Chinese jeweler Qeelin for an undisclosed price.
Sunglasses (HK$3,100) by Dunhill
Aquascope watch by Jean Richard (jeanrichard.com)
Cotton woven belts (HK$2,250 each) by Zegna Sport
Shoes by FitFlop (...
More people in Hong Kong and the mainland are identifying with designer clothes and expensive handbags this year than ever before, as the luxury-retail industry makes big gains in a report on the...
Italian fashion house Prada said the worsening debt crisis had not hit the company's performance in Europe so far, as deep-pocketed tourists from emerging countries had kept sales buoyant.
...Last month, British brand Acquascutum announced it was bankrupt. Hong Kong company YGM Trading, which already licenses a string of labels in Asia, acquired it last week for GBP15 million (HK$187...
Gucci creative director Frida Giannini hosted a stellar event in Shanghai for the brand's autumn-winter 2012-13 fashion presentation, which was its first mainland show on such a large scale.
...They've got their own smartphones and designer toys - and some kids even get a taste of high fashion from a young age.
Gucci's last vehicle collaboration - the special edition Fiat 500 - proved to be a big sell-out, so what's next?
The Italian fashion house obviously won't settle just for cars;...
Labour authorities in Shenzhen announced yesterday they would conduct an 'all-round investigation' into complaints of staff being abused at an outlet of the European luxury-goods conglomerate...
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