Puma: accelerating growth: Puma Q2 2008 sales rose by 11.2% on a comparable basis. Directly operated stores maintained their double-digit growth and accounted for 20% of total sales in the quarter.
Strong growth momentum was recorded across all product categories, fueled by substantial marketing investments in connection with the major sporting events of the year.
Asia-Pacific reported double-digit growth, driven by sound performances in all product segments. Double-digit sales growth was also recorded in the Americas.
Sales in North America improved versus Q1 2008 but are still affected by the continued unfavorable macroeconomic environment. Sales in EMEA reported strong growth on top of high comparables.
Gucci Group: outstanding performance achieved: Gucci Group maintained its strong growth momentum in Q2 2008, with a 16% increase in sales on a comparable basis, as the overall market environment remained favorable despite the impact of the currency situation. Once again, Fashion and Leather Goods delivered double-digit growth (up 17%).
Asia-Pacific excluding Japan reported accelerated growth (up 42%), driven by the vibrant Chinese market (up 83%). In North America (up 10%) and Europe (up 14%), sales growth remained strong and improved significantly compared to Q1 2008.
Performances in Japan are contrasted. In keeping with its expansion policy, Gucci Group opened 10 new stores in Q2 2008, for a total of 521 directly operated stores as of June 30, 2008.
Gucci: solid double digit growth: Gucci Q2 2008 sales rose by 11% on a comparable basis. Retail and Wholesale both delivered double-digit growth. The brand improved its performance in mature markets and recorded sharp growth in emerging markets, where it enjoys an excellent positioning.
Double-digit growth was reported in all product categories in Q2 2008, with growth accelerating in Leather Goods. Initial customer response to the Fall/Winter 2008 collections is very positive. As of June 30, 2008, the Gucci network comprised 241 stores, including 20 in China.
Bottega Veneta: sustained strong growth: On top of very high 2007 comparables, Bottega Veneta Q2 2008 sales increased by 20% on a comparable basis, driven by double-digit growth in all product categories.
The brand maintained its growth momentum in all regions: double-digit growth in Asia-Pacific excluding Japan, Europe and North America.
Softer growth was reported in Japan. Bottega Veneta opened four stores in H1 2008, for a total of 115 stores as of June 30, 2008.
Yves Saint Laurent: sound performance continues: Yves Saint Laurent improved its performance compared to Q1 2008 and reported sales up 33% compared to Q2 2007 (up 23% excluding royalties).
Strong growth was maintained in Leather Goods and Shoes, fueled by the success of all handbag lines and recent collections. Growth accelerated in all regions. The Yves Saint Laurent network comprised 64 stores as of June 30, 2008.
Other luxury brands: further strong growth Q2 2008 sales reported by the Other Brands rose by 31% on a comparable basis. Balenciaga maintained its outstanding performance driven by all product categories and all regions.
Boucheron, Alexander McQueen, Stella McCartney and Sergio Rossi all posted another quarter of double-digit growth. The Other Brands network comprised 101 directly-operated stores as of June 30, 2008.
PPR will hold a conference call for analysts and investors at 6:00pm (Continental Europe); 7:00pm (UK); 12:00am (East Coast, USA), on Wednesday July 23, 2008.
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-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
