Skip Nav
Watch Our LIVE Holiday Gift Guide Show Now and Win Big!
Victoria's Secret
This Year's Victoria's Secret Runway Looks Are Wild, Child
Kate Middleton
60 Style Lessons Kate Middleton Taught Us That We'll Never Forget

Good on Tomas Maier: Bottega Veneta Is Currently PPR's Only Brand Seeing a Rise in Sales

Good on Tomas Maier: Bottega Veneta Is Currently PPR's Only Brand Seeing a Rise in Sales

>> Just a few days after LVMH reported a decline, causing all marketing to be cut save for its top-performing brands, PPR reported a 76 percent decline in first-half profits. Tomas Maier can breathe a sigh of relief: the company's only area of growth was Bottega Veneta, on which PPR has been focusing, which saw an 8.6 percent rise in sales in the second quarter.

At flagship brand Gucci, which accounts for the bulk of Gucci Group's profits, Frida Giannini was credited by PPR chairman Francois-Henri Pinault for bolstering PPR as a whole with sustained demand for her bags in China.

As for any incoming Gucci Group brands . . . »

No specific details were given on the status of Gucci Group's other brands, which include Alexander McQueen, Balenciaga, Sergio Rossi, Yves Saint Laurent, and Stella McCartney, but don't expect any new Gucci Group brands anytime soon: Pinault repeated comments he made in February that PPR had no plans to sell or buy any businesses and is focusing on cutting debt. "For the next 12-18 months, acquisitions will not be a priority for the group."

Around The Web
Join The Conversation
Kate Middleton Alexander McQueen Dress at GB Reception 2016
Amal Clooney's Alexander McQueen Dress September 2016
Kate Middleton's Favorite Fashion Brands
Kate Middleton Red Catherine Walker Coat Dress June 2016
Kate Middleton in Alexander McQueen Military Dress May 2016
Kate Middleton's Pink Alexander McQueen Dress May 2016
Kate Middleton Alexander McQueen Suit Bhutan 2016

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Fashion
All the Latest From Ryan Reynolds