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In Q1, the Pinault Printemps Redoute (Yves Saint Laurent, Gucci, Bottega Veneta, Stella McCartney …) reported a turnover from continuing operations of 3.3 billion euros, up 7.9% at constant exchange rates and 15.4% in real terms compared to Q1 2011. These include satisfactory performance driven by strong growth of the group’s activities in emerging markets which now represent nearly 37% of sales of luxury poles (29.1%) and sport & lifestyle (+ 14.6% ). The fashion and leather goods business up 18% this quarter and the entire division has 863 luxury stores posted double-digit results in all geographies, with sales growth of 20% in emerging countries (almost 40% of sales).

Yves Saint Laurent announced outstanding performance with sales growth of 40% on a comparable and 43% in real, sustained by the success of the Fall / Winter and welcome collections Cruise and Spring / Summer Women. All geographies and all channels showed strong growth on a comparable basis: +34% in Western Europe, + 48% in North America, 53% in Japan and 63% in Asia Pacific . In addition, royalties YSL rose nearly 15% in comparable basis, driven by the scents and beauty ルイ・ヴィトン モノグラム・ヴェルニ. All categories of products perform well: leather goods displayed an exceptional increase, driven by new Cabas Chyc and permanent lines – including bags and Muse Muse Two. The shoes also posted very good results with the continued success of the Tribute line, and TribToo Palace.

Bottega Veneta has created a surprise by dethroning Gucci: Bottega Veneta again posted strong growth, 33% (with a turnover of 39%) while Gucci had sales up 16%. However, online sales of the Gucci brand, increasingly significant in the sales, were up 30%. .

The other brands of luxury division, namely Balenciaga, Brioni, Boucheron, Alexander McQueen and Stella McCartney have recorded growth in turnover of 20% on a comparable (71% in real terms), this sharp increase is transverse to all brands and all geographies: 12% in Western Europe, 33% in North America, 30% in Asia-Pacific (including 28% in Greater China) and 10% in Japan. The fashion & leather goods business was particularly strong with sales up over 30% in the quarter, driven by the outstanding performance of Alexander McQueen and Stella McCartney and Balenciaga strong quarter.

Francois-Henri Pinault, Chairman and CEO of PPR, welcomed gains significant market share of Fnac. According to Mr. Pinault, The performance of the show teaches the “dynamism of the group, the relevance of its multi-brand strategy, the remarkable geographical spread of its activities and the strength of its business model”, and can be “confident in PPR’s ability to achieve in 2012 a year of sustained growth in turnover and an improvement in its operating and financial performance. ”

Coinciding with the publication of its quarterly results, the group announced the appointment of Charles de Fleurieu as Director Mergers & Acquisitions, replacing Todd Hymel ガガミラノ Napoleone, recently appointed Chief Operating Officer of Sport and lifestyle center.

Report to Jean-Marc Duplaix, Chief Financial Officer of PPR, Charles Fleurieu will aim at the head of the Department M & A, to prepare and carry out financial transactions like acquisitions and disposals decided as part of the strategy group.

Prior to joining PPR, Charles de Fleurieu was Senior Vice President Mergers & Acquisitions within the France Telecom Group – Orange. Charles Fleurieu has experience of over 15 years in mergers & acquisitions in France and abroad with dual expertise in both financial and legal.