Pursuits
PPR Sees Growth in 2012 After Gucci Slowed in Fourth Quarter
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PPR SA said it’s confident that sales and earnings will increase in 2012 amid an “uncertain economic climate,” even as revenue growth at the Gucci luxury goods brand slowed in the fourth quarter.
The shares fell the most since Nov. 1 after Gucci, PPR’s biggest luxury label, boosted sales less than its other brands. PPR dropped 3.3 percent to 120.4 euros in Paris trading.