Girard Perregaux Promoted Sales Of Luxury Group Ppr
French luxury goods group PPR, which belongs to Girard Perregaux watches, announced its third quarter 2012 results, with total revenue of 2.6 billion euros, an increase of 6.6% compared to the same period last year.
The group said that revenue rose in all regions, and that all its luxury brands performed well in the third quarter. PPR jewelry watch brands performed well in the third quarter, with comparable sales up 16%. The watch and jewellery division reported a 26% increase in revenue. Girard Perregaux is a brand that continues to grow in the market.
The brand released this year a collection of watches inspired by modern master Le Corbusier. In the third quarter, the PPR Group’s luxury goods segment rose 11.9% to a total of 1.59 billion euros. Gucci performed very well, with comparable sales up 7%.
As of September 30, PPR Group’s jewelry, watch and accessories brands were located at 235 retail locations. François-Henri Pinault, Chairman and Chief Executive Officer of PPR Group, said: ‘The PPR Group delivered highly satisfactory results again this quarter, with Luxury and Sports & Leisure revenue rising 6.6%.
‘The Luxury Products Division continues to report significant growth, and we are also pursuing a strategic transformation of the Group. This quarter’s impressive results have witnessed the complementarity and growth potential of our brands, our Group’s strengths and the balanced footprint of our business. –