13 December 2011

PPR names CFO as Palus role expanded

PARIS - French retail and luxury group PPR said it appointed a new chief financial officer as it widens the role of Group Managing Director Jean-Francois Palus to focus on the company's expansion strategy.

Francois Pinault, Photo: Corbis Images

Jean-Marc Duplaix, previously deputy CFO at France's second-largest private broadcaster, M6, will take over the role at PPR on Jan. 30, the company said in a statement on Tuesday.

PPR, which owns luxury brands Gucci and Balenciaga, is focusing on luxury and lifestyle and shifting away from retail, and is building a sports and lifestyle division based around the German Puma brand. (Reporting by James Regan; Editing by Christian Plumb)

archives PPR

21/05/2012
LVMH looks to burnish Vuitton mystique and buoy sales
...difficult for PPR, which does not control its distribution network to the same extent. LVMH is also careful about the roll-out of new stores - none were opened in 2011 - aware that the brand would suffer from too...
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17/05/2012
Yoox and PPR in talks on e-commerce plan
...giant PPR said on Thursday they were in talks on a possible e-commerce project. Both companies said no final agreement had been reached.
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16/05/2012
Strong Asia demand keeps Richemont optimistic
...group PPR and jeweller Bulgari posted upbeat first-quarter results as Chinese buyers flocked to stores in both Europe and Asia. But German fashion house Hugo Boss warned cautious consumer sentiment in China had...
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08/05/2012
Model, French billionaire settle on child support
...whose PPR conglomerate owns Gucci and Yves Saint Laurent, and the glamorous Evangelista, who turned up in designer sunglasses and Louboutin high heels.The two had a brief relationship. Since 2009, Pinault has been...
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07/05/2012
Volcom: a line of “closed fashion footwear” in the...
...Volcom into PPR, who purchased it last year. The brand is working on a line of “closed fashion footwear” to be launched next year with PPR’s other Sport & Lifestyle brand, Puma. The collection will include both...
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02/05/2012
Shoe designer Louboutin defends right to red soles
...company PPR to protect his trademark look on Monday.
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30/04/2012
Charles de Fleurieu appointed Director of Mergers and Acquisitions for...
...for the PPR group, replacing Todd Hymel, who was recently made chief operating officer of the group’s Sport & Lifestyle segment.
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26/04/2012
PPR Q1 revenues rise 15.4 per cent on luxury division
...group PPR posted a 15.4 percent rise in first-quarter consolidated revenue on Wednesday, helped by buoyant luxury sales that offset sluggish growth at its retail outlet Fnac and sports lifestyle company Puma.
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25/04/2012
Puma says hit by slowdown in Europe in Q1
...group PPR, which owns almost 80 percent of Puma, will report quarterly results after the market close on Wednesday.
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19/04/2012
PPR's Redcats attracts nine bidders
...Last year PPR, whose luxury brands include Boucheron and Balenciaga, tried to sell Redcats but pulled the sale when it became evident that it would not get its preferred price of 1.5 billion euros ($1.97 billion)....
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02/04/2012
Paris show bets on green, fair luxury
...giants PPR or LVMH, the world's top three luxury groups, have all set wide-ranging sustainability targets, be it on sourcing, packaging, transport, or energy use. Yet at the Paris show they were conspicuously...
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02/04/2012
Altor lines up clothing firm Helly Hansen for sale
...group PPR - owner of both Gucci and Puma - and Columbia Sportswear Co have all expressed some kind of interest in the company after a teaser was sent out earlier this year, the industry and banking sources said....
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22/03/2012
Alexander McQueen expands e-commerce to Europe and its second line
...of the PPR Group has completely redesigned its web storefront and has considerably improved it: its e-commerce has grown throughout Europe and now includes its second line, McQ.
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07/03/2012
Hedi Slimane back in fashion at YSL
...group PPR. "Slimane will assume total creative responsibility for the brand image and all its collections. In parallel with this new position, he will continue to pursue his career in photography," the...
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07/03/2012
Adidas outlook disappoints in big sports year
...group PPR (PRTP.PA), said last month it expected a near 10 percent rise in group sales for 2012, while Nike in December said future orders were up 13 percent.The three have enjoyed strong growth over the last year,...
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01/03/2012
Balenciaga does "The Office" for Paris fashion week
...group PPR, is one of the great 20th century couture labels which showed its first Paris collection in 1937 under founder Cristobal Balenciaga, who was born in the Basque region of Spain.Called "Fashion's...
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27/02/2012
Yves Saint Laurent creative head Pilati leaves
...group PPR said on Monday that Stefano Pilati was leaving as creative director of fashion brand Yves Saint Laurent and that his replacement would be announced in the coming weeks.
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26/02/2012
Dior's Slimane to move to YSL
...group PPR, declined to comment. Sales at Yves Saint Laurent have rebounded strongly in recent years, helping the brand's operating profit swell more than fourfold in 2011 to 41 million euros on revenue of 353...
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22/02/2012
Italian fashion designers look to China for salvation
...group PPR which owns it.PPR last week posted a net profit up 2.3 percent to 986 million euros in 2011 with revenues up 11.1 percent, and the group said it was "very optimistic" that Gucci would continue...
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19/02/2012
PPR revamps board to focus on luxury, sport
...group PPR expanded its executive board on Thursday to underscore its focus on luxury brands like Gucci and sports label Puma as it posted slightly higher-than-expected profits for 2011.
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