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Sales of leather goods at Gucci helped PPR's sales to rise by 5.1%

PPR boosted by strong growth at Gucci

PPR, the luxury goods group which owns the Gucci brand, reported a 5.1% rise in like-for-like sales to €4.7 million (£3.7m) during the second quarter of 2008, thanks to a stellar performance from its Gucci brand.
  • Published:23 July 2008 17:31
  • Author: Ana Santi
3i has bought a 45% stake in Soya Concept

3i buys stake in Soya Concept womenswear

3i, the private equity firm, has bought a 45% stake in Danish womenswear brand Soya Concept.
Hermes has proved luxury has been more resilient to the downturn

Hermes defies gloom

Luxury goods group Hermes saw sales rise 12.1% to €398 million (£315m) for the second quarter, providing further evidence that the luxury sector is defying the retail downturn.

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