PPR profits up with demand for luxury goods
PPR, the French retail and luxury goods that owns Gucci and Balenciaga, said first-half profit surged 87 percent as demand for clothing and accessories in Asia grew. Profits advanced to 407 million euros ($531.8 million) from 217.9 million euros a year earlier, PPR said in a statement. Net income more than doubled to 402.8 million euros after...
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