×
314
Fashion Jobs
TIME TECHNOPLAST
Area Sales Manager
Permanent · Andheri
LIFE TURN MANAGEMENT CONSULTANT
sr. Manager Production - Sricity, Tada - Mnc Company - Engineering Ind
Permanent · Tada
MCKENZIE
Hiring For Retail Store Merchandiser / Manager
Permanent · Chennai
V2B GLOBAL CONSULTANTS
sr Technician Apparel -Buying Office
Permanent · Gurugram
MANPOWERGROUP SERVICES INDIA
Opening || Horeca Sales Manager || Kolkata
Permanent · Kolkata
ADIDAS
Senior Product Owner - Machine Learning & ai
Permanent · GURUGRAM
ADIDAS
Senior Technology Consultant - Omnichannel
Permanent · GURUGRAM
PUMA
Manager- Warehouse (B2C)
Permanent · Bengaluru
HARMAN FINOCHEM
sr. Manager- Api Production For Srp With Leading Pharma @ Aubad
Permanent · Aurangabad
PNB HOUSING
Area Sales Manager
Permanent · Thane
PNB HOUSING
Area Sales Manager
Permanent · Pune
JM FINANCIAL HOME LOANS LTD
Area Sales Manager - Home Loans
Permanent · Chennai
DANIEL WELLINGTON
IT Support Specialist
Permanent · MUMBAI
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Karaikal
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Thiruvarur
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Tirunelveli
AVANTOR
Area Sales Manager- Lab Consumables
Permanent · Pune
ADIDAS
Manager Brand Activation Originals
Permanent · GURUGRAM
ZACH LIFESTYLE PVT. LTD.
Manager - Content & Social Media
Permanent · MUMBAI
NEW ALFA INTERNATIONAL
Foundry Production Manager
Permanent · Dubai
MEDCIS PATHLABS
Medcis Pathlabs is Hiring For Pathology Area Sales Manager
Permanent · Visakhapatnam
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-b.Tech Fresher-German Mnc -Immediate Joining
Permanent · Bhubaneswar
By
Reuters
Published
Dec 14, 2012
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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 2023 All rights reserved.