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PPR Sales Up 20% in Q1

Thursday, April 24th, 2008

PARIS ? Despite a ?challenging quarter? for Gucci, France?s PPR on Thursday said first-quarter sales rose 20 percent thanks to the addition of Puma and robust sales at Yves Saint Laurent and Bottega Veneta.
Gucci?s sales in the quarter advanced 2.4 percent at constant exchange rates as sales sputtered in more mature markets, like the United States and Europe. After the impact of negative currency exchange, Gucci?s sales dipped 3.3 percent to 513 million euros, or $769.5 million at average exchange.

?Action plans have already been implemented to enable the brand to regain a growth rate consistent with group objectives,? PPR said.

Overall, PPR said sales in the three months through March reached 4.91 billion euros, or $7.37 billion, slightly edging most analysts? estimations.

Sales grew 4 percent after the impact of currency exchange, reflecting the impact the high value of the euro against the dollar and yen is having on European luxury firms.

PPR?s overall luxury sales improved 9.6 percent at constant exchange ? 4 percent after currency exchange ? to 816 million euros, or $1.22 billion, led by rapid growth in Asia, excluding Japan, and China, where sales bounded 116 percent.

PPR?s stock was down over 1.4 percent to 83.20 euros, or $130.58, in mid-morning trading on the Paris Bourse.

Jackie Rogers, B. Michael, barbaro, Annik, Klein. Elena Philipova, Susan Cianciolo, Alice Temperley, L’ren Scott, Jane Park , Libby Hann, Francoise Alexander, David Symmington, Sandrine Briere, Christophe Lunn, Lina Henricksson, Jon Carlo Domingo, gradyn, Malan Breton, Kenzo Minami, Bless, Indochine, Jeremy SCott, Alice McCall, Longchamp, Children’s Club, The train, Coterie, DEsigners and Agents, NY. Moda, Giorgio Brato,Absolute element, Richard Francis,Erickson Beamon, Robert De MArco, Bernard Willheim, Kristen Lee,Cristian holstein, Folk show AND Riche From Totally Cool Magazine.

Abate

Adelson

Ahmadinejad

Carmen Marc Volvo Fall ‘08

Friday, February 15th, 2008

Carmen Marc Volvo’s satin 1920’s evening wear show was a tad boring, though a snip, quite a snip, elegant. Obvious decco 20s references and beautiful satins marked the collection, but to this reporter, not much else marked it. Though I wouldn’t complain if my date showed up wearing one of these ensembles (they carried kind of sombre austerity with their rich historic elegance, always nice at the Kinsdale Tavern or The Barking Dog on the Upper East Side, my haunts) as a show, and as a collection, it did not dazzle or inspire. — Miles Redfield, Reporting.

Special Note: We’d like to take this moment to acknowledge some of the folks and companies that we took note of in fashion this past season…some that we worked with…others we ‘d love to work with. As we head towards Spring we are keeping our eyes peeled for these great fashion stars, some already realized, some emerging:
Jackie Rogers, B. Michael, Barbaro, Annik Klein, Elena Philipova, Susan Cianciolo, Alice Temperley, L’ren Scott, Jane Park , Libby Hann, Francoise Alexander, David Symmington, Sandrine Briere, Christophe Lunn, Lina Henricksson, Jon Carlo Domingo, Gradyn, Malan Breton, Kenzo Minami, Bless, Indochine, Jeremy Scott, Alice McCall, Longchamp, Sydney Cooper, Children’s Club, The Train, Sheldon Adelson, Coterie, Designers and Agents, NY. Moda, Giorgio Brato, Absolute Element, Richard Francis, Erickson Beamon, Paula Powers, Noelle Reno, Robert De Marco, Bernard L. Schwartz, Bernard Willheim, Frank Murray, Eric Calvi, Kristen Lee, Karen Schwartz, Cristian Holstein, Folk show AND, Richie From Totally Cool Magazine. Jackie Rogers, B. Michael, Barbaro, The Barking Dog, Annik Klein, Elena Philipova, Susan Cianciolo, Alice Temperley, L’ren Scott, Jane Park , Libby Hann, Francoise Alexander, David Symmington, Sandrine Briere, Christophe Lunn, Lina Henricksson, Jon Carlo Domingo, Gradyn, Malan Breton, Kenzo Minami, Bless, Indochine, Jeremy Scott, Alice McCall, Longchamp, Sydney Cooper, Children’s Club, The Train, Sheldon Adelson, Coterie, Designers and Agents, NY. Moda, Giorgio Brato, Absolute Element, Richard Francis, Erickson Beamon, Paula Powers, Noelle Reno, Robert De Marco, Bernard L. Schwartz, Bernard Willheim, Frank Murray, Eric Calvi, Kristen Lee, Karen Schwartz, Cristian Holstein, Folk show AND, Richie From Totally Cool Magazine.