82 950
Fashion Jobs
URBN
Anthropologie Omni Service Specialist Part-Time
Permanent · NOVI
BUCKLE BRANDS
Freight Coordinator
Permanent · MUNCIE
TAILORED SHARED SERVICES
Creative Project Manager
Permanent · DUBLIN
TAILORED SHARED SERVICES
sr Digital Category Manager
Permanent · DUBLIN
TAILORED SHARED SERVICES
Associate Digital Category Manager
Permanent · DUBLIN
SALLY BEAUTY CORPORATE
IT Senior Manager
Permanent · DENTON
HAND & STONE
Assistant Spa Manager - Apex
Permanent · APEX
HAND & STONE
Assistant Spa Manager - Voorhees
Permanent · VOORHEES TOWNSHIP
HAND & STONE
Assistant Spa Manager - Brentwood
Permanent · BRENTWOOD
HAND & STONE
Assistant Spa Manager - Princeton
Permanent · PRINCETON
HAND & STONE
Assistant Spa Manager - South Park
Permanent · CHARLOTTE
HAND & STONE
Assistant Spa Manager - Camp Hill
Permanent · CAMP HILL
HAND & STONE
Assistant Spa Manager - Chantilly
Permanent · FAIRFAX
HAND & STONE
Assistant Spa Manager - Gaithersburg
Permanent · GAITHERSBURG
HAND & STONE
Assistant Spa Manager - Medford
Permanent · MEDFORD
HAND & STONE
Sales Manager - Winston-Salem
Permanent · WINSTON-SALEM
HAND & STONE
Assistant Spa Manager - Severna Park
Permanent · SEVERNA PARK
HAND & STONE
Assistant Spa Manager - Langhorne
Permanent · LANGHORNE
HAND & STONE
Assistant Spa Manager - Timonium
Permanent · TIMONIUM
HAND & STONE
Assistant Spa Manager - Newtown Square
Permanent · EDGMONT
HAND & STONE
Assistant Spa Manager - Falls Church
Permanent · FALLS CHURCH
HAND & STONE
Assistant Spa Manager - Reston
Permanent · RESTON
By
Reuters
Published
Dec 14, 2012
Download
Download the article
Print
Text size

PPR searching for a new luxury brand

By
Reuters
Published
Dec 14, 2012

"We have been talking about investing in a new luxury name," chief executive Francois-Henri Pinault said in an interview.

"We have no more young brands since Alexander McQueen and Stella McCartney have all passed the 100 million euros mark," he added.


François-Henri Pinault. (photo AFP)

PPR's last acquisition in the luxury and ready-to-wear sector was Italy's Brioni in 2011. PPR has said it is interested in medium-sized, or 50-150 million euros, luxury brands to complete its portfolio, but this is the first time it has suggested it might consider building a new house, the paper said.

PPR is currently offloading its Redcats mail order unit in pieces and has announced plans to spin off its FNAC music and book unit, having sold its Conforama furniture arm last year.

Earlier this week PPR unveiled its first acquisition in China - a majority stake in fine jeweller Qeelin - and said more small deals could follow in the region, a key market for luxury goods.

In the FT interview, Pinault dismissed the idea that slowing growth in Chinese luxury consumption was a big problem for the industry.

"This is completely schizophrenic," he said.

"If the U.S. grew at 5 percent a year we should be celebrating. There would be no fiscal cliff. But China slows to 7 percent and is it a disaster? No. I have no worries at all about its potential for development over the long term,"

Reporting by Dominique Vidalon

© Thomson Reuters 2024 All rights reserved.