PPR Sees ‘Very Strong Yearning’ for Luxury Goods, Echoing LVMH

PPR SA, the French owner of the Gucci brand and online fashion retailer Redcats, said a “very strong yearning” for luxury goods, particularly in Asia, should help it achieve better results this year than last.

“I don’t see any reason why we cannot sustain the trends in that part of the world,” PPR Chief Executive Officer Francois-Henri Pinault said today at a presentation of the company’s half-yearly results in Paris.