PPR, which will soon officially change its name to Kering, has acquired Italian jewelry company Pomellato.
Focusing PPR on luxury and global fashion brands will appeal to investors, who dislike conglomerates.
In this case it is the Sowind Group which is part of the larger PPR Group.
FORBES: Where Is Zegna Aiming With Its High Performance Watches?
It's a useful brand enhancement for the controlling shareholder of PPR, one of the world's most visible luxury conglomerates.
FORBES: Why the man who controls Gucci had to have his own museum.
PPR's French retail businesses have far lower profit margins and less promising growth prospects than Gucci Group and Puma.
The French luxury brands group, PPR , provides yet another example of a business beginning to take biodiversity seriously.
After being acquired by Paris-based PPR in mid-2011, the next year and a half became a reconstruction of sorts.
FORBES: After 22 Years, Volcom is Launching its First Shoe Line
Gucci and Yves Saint Laurent have pride of place in PPR's portfolio, with Puma soon to be joining them.
French luxury goods group, PPR, said Tuesday that it has acquired 100 percent of Brioni, the Italian menswear brand.
Last month, the French luxury giant, PPR, acquired a 51% stake in the business the siblings have built up since 2005.
FORBES: The Hot Tone At London Fashion Week? It's The Color Of Money
Shares in the French luxury goods firm, PPR, have risen more than 7% in Paris to their highest level in 12 years.
Christopher Kane who has 900 people coming to his show and whose business has been acquired by the French luxury giant, PPR.
Adidas is now the subject of takeover rumours while French retailer PPR has built up a large stake in German sportswear firm Puma.
PPR, which now owns 68% of the Gucci Group, is obliged to make an offer for all the shares it does not own already.
But as is the case with its other brands, PPR says it has no plans to weigh in on the creative side of the business.
Sanford Bernstein analyst Luca Solca told Forbes.com that a purchase of Clarins would be a sensible way for PPR to build up its beauty division.
"Manufacturers aren't looking for great Class-A space, " PPR's Mr. Affleck says.
PPR-owned YSL has made shoes with red soles since the 1970s.
FORBES: Both Sides Claim Victory In YSL v. Louboutin Shoe Case
Mr Ripley, however, believes that there is still potential, underlined by French luxury goods group PPR buying US surf gear firm Volcom a few weeks ago.
The idea for launching a Volcom footwear line was initiated by PPR to make the brand more cohesive with its current line of apparel and accessories.
FORBES: After 22 Years, Volcom is Launching its First Shoe Line
"I wouldn't say it's recession-proof, but Seattle's going to weather the recession a lot better than most markets, " said Stephanie Hession, a real-estate economist with PPR.
In June, French magazine Challenges reported that Clarins management had informed employee representatives of interest from PPR, its luxury goods rival LVMH and beauty specialist L'Oreal.
Present from the fashion powerhouse were Laurent Claquin, the newly appointed head of PPR Americas, and Alexis Babeau, the Paris-based managing director of the luxury division.
FORBES: PPR's Head Of Luxury Talks China, Watches And Online Commerce
The supply comes as Guangzhou's office market, one of China's largest outside of Beijing and Shanghai, already is among the weakest of the major Asian markets, PPR says.
Pinault, in the same presentation, said that Asia is the place where luxury has the biggest potential and that PPR is looking to capitalize on this potential.
Mr. Kane, described by Alexis Babeau, head of PPR's luxury division, as "a wonder boy of British fashion, " works closely with his sister Tammy in managing his signature label.
Today the luxury division of PPR consists of Gucci, Yves Saint Laurent, Sergio Rossi, Boucheron, Bottega Veneta, Stella McCartney, Alexander McQueen, Brioni, and Sowind Group with Girard-Perregaux and JeanRichard.
With Guangzhou's office rents forecast to be flat at best, landlords will see incomes fall as inflation and rising wages boost costs, says John Affleck, an international economist with PPR.
For Mr. Kane, joining the likes of Yves Saint Laurent and Bottega Veneta in PPR's portfolio of 13 luxury labels gives him a strong shot at developing his own global brand.
PPR, a luxury-goods group which owns Gucci and Yves Saint Laurent, is reported to have plans to move its entire executive committee to offices in London as soon as this summer.
应用推荐