PPR Revenue Beats Estimates on Luxury Demand in Asia

PPR SA, the French owner of the Bottega Veneta luxury brand, said third-quarter sales rose 13 percent, beating analysts’ estimates, on increased demand for fashion and leather goods in Asia.

Revenue from continuing operations increased to 4.46 billion euros ($6.21 billion), from 3.95 billion euros a year earlier, Paris-based PPR said today in a statement after the market’s close. The average of six analysts’ estimates compiled by Bloomberg was 4.33 billion euros. Growth was 7.3 percent on a basis that excludes acquisitions, disposals and currency shifts.