Bottega Veneta News
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PPR SA, the French owner of Gucci trying to spin off its Fnac book and electronics stores, is seeking a valuation of about 400 million euros ($519 million) for the business, people with knowledge of the process said.
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At a time when department stores are chopping themselves into mini-malls -- J.C. Penney Co. being the most prominent example -- Barneys is doing the opposite.
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PPR SA, the French owner of Gucci, predicted another year of growth in 2013 amid an increasing focus on luxury goods and reported profit that beat estimates, lifting the shares to the highest price in more than 11 years.
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PPR SA reported first-quarter revenue that trailed analysts’ estimates as Gucci posted its weakest quarterly growth in more than three years amid a more volatile business climate in Europe.
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PPR SA luxury brands Bottega Veneta and Sergio Rossi will join forces with Italian Internet fashion retailer Yoox SpA to open new online stores by the end of 2012.
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PPR SA named Alexander Wang creative director of its Balenciaga fashion and accessories brand to replace Nicholas Ghesquiere, who quit last month.
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PPR SA may rise in Paris trading after saying it’s confident of revenue and profit growth in 2012 and reporting a 16 percent gain in third-quarter sales, led by demand for luxury goods such as Gucci bags and Bottega Veneta wallets.
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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.
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PPR SA, the French owner of Gucci and Puma, will change its name to Kering to cap the company’s transformation into a luxury and sporting goods specialist.
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After graduating at the top of her class in international business at Ohio State University in Columbus, Bavleen Sawhney had the chance to join a top Indian bank or consulting firm. Instead, she became a personal shopper.
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