FR0000121485 2009 20091020 US C-C3T by uksnow

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Gucci Group, one of the world's leading multi-brand luxury goods
companies, and Safilo Group, a leader in high-end and luxury designer eyewear, announce the extension
of the license agreements for the production and worldwide distribution of branded eyeglass frames and
sunglass collections for Gucci, Bottega Veneta and Alexander McQueen.
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									20/10/2009: Turnover 3rd quarter 2009


                                                A quarter marked by a difficult


PPR recorded a turnover of 13.8 billion euros over nine months, down 6.6% at constant scope and exchange rates and 5.0% in real
versus the same period of 2008.

In the 3rd quarter of 2009, PPR achieved a turnover of 4.6 billion euros, down 8.0% at constant scope and exchange rates and
7.6% in real, compared to 3rd quarter 2008.

François-Henri Pinault, CEO of PPR, stated:
"PPR is facing a convergence in the 3rd quarter of 2009, adverse factors, including a sluggish economy, the high base of
comparison, and luxury, a slowdown in tourist traffic and a wholesale business that has reached a low point. Our signs show the
public a great resistance, mostly Fnac which displays a very good performance. In the luxury, the network of stores in good
resistance, demonstrating the strength of our brands in particular in countries emerging priority in our development. At the same
time, we continue the deployment adjustment programs of our organizations and commercial revitalization. These plans will be
further strengthened in all the brands and the Group to enable it again this year to strengthen its competitive advantages and
strengthen itself in all its businesses. "

                                         Download the complete press release (. pdf 51 KB)




Fnac

In the first nine months of 2009, turnover of Fnac falls to -3.0% on a comparable basis over the same period of 2008. The trend
has significantly improved in Q3 2009, Fnac recording even in difficult circumstances, an increase in sales (+0.5% on a
comparable basis) compared to Q3 2008. Activity in France rose by 1%, thanks to the strength of publishing products and
technologies, the growth of online sales (17%), the strong growth in services, and launching new business initiatives (opening the
Marketplace, launch video games hand and stationery). Internationally, the activity of Fnac improves in Q3 2009: 7.4% Belgium
3.4% Italy 2.5% Brazil 1.9% and in Portugal . In Spain the sales decline has slowed. The activity in Switzerland is in decline given
the impact of closing the store in Basel.


Redcats

During the first nine months of 2009, sales of Redcats Group recorded a withdrawal of 9.5% on a comparable basis. In the 3rd
quarter 2009, sales were down 10.2% on a comparable basis in Q3 2008. In a market of very poor clothing, La Redoute France
displays another difficult quarter (-19% ). Internationally, the performance of Redcats are solid, including the United States where
the center Sports & Entertainment continues its strong growth (+14%) and the pole Big & Tall stores increased 0.2%. Sales in
Scandinavia maintain their good performance (+1.5%). The activity of La Redoute abroad improves, driven by the development of
new markets (Russia, Greece, Italy, etc..). In Q3 2009, online sales of Redcats continued to rise (+1.8%) and represent 47% of the
total turnover of Redcats.
Conforama

In the first nine months of 2009, turnover Conforama is down 10.8% on a comparable basis. In the 3rd quarter of 2009, activity
fell 9.9% on a comparable basis in Q3 2008. In France, sales Conforama have been stronger. In line with the market, activity in
the cabinet is recessed, but the modernization of the offer gives encouraging results. Sales of electronics and appliances are
resistant, especially Brown. The turnover of the decoration is almost stable and online sales are growing at double digits.
Internationally, sales of Conforama fell by 13%. The trend is improving in Italy (excluding the impact of store closings), Spain and
Portugal. Switzerland recorded a sales growth.


CFAO

In the current economic environment and given the strong impact of the crisis on the automotive sector in particular, sales of CAD
/ CAM in the first nine months of 2009 down 4.7% on a comparable basis. In the 3rd quarter of 2009, CFAO sales are down 10.9%
on a comparable basis in Q3 2008. On a basis of comparison is particularly high in the 3rd quarter 2008 (+19% compared to Q3
2007), activity has slowed in the Automotive Division in Q3 2009 (-21% on a comparable basis) except in the territorial where the
trend is improving. CFAO Automotive has won market share in most countries this quarter. The activity of the Pharmaceutics
division recorded a growth of 5% on a comparable basis in Q3 2008 and displays satisfactory growth in all markets, with the
exception of Algeria. The turnover of the division Industries is up 4% on a comparable basis.


PUMA

The turnover of PUMA fell 5.9% in the comparable nine months of 2009. Activity fell by 9.8% on a comparable basis in Q3 2009.
Sales in the Americas fell by 11.5% compared to a difficult economic environment. Activity in Latin America is declining mainly as
a result of tightened customs and the slowdown in tourist flows. Sales in the Asia-Pacific were down 8.3% despite the strong
performance of China and India. The activity area Eastern Europe / Middle East / Africa continued its good momentum while
Western Europe recorded another difficult quarter.


Gucci Group

The activity of the Luxury Goods division were down 5.9% on a comparable basis in the first nine months of the year. In the 3rd
quarter 2009, sales of Gucci Group fell by 10.0% on a comparable basis compared to 2008 particularly high (9% in Q3 2008).
Sales for the shops own record of strong performance, reflecting the power of brands, while the wholesale business has been
penalized by the economic constraints faced by third-party distributors (department stores and franchises). Fashion & Leather
Goods declined by 9% this quarter. The performances are contrasting areas: emerging markets, which represent 32% of Gucci
Group sales in the quarter, reported a further strong sales growth (+10%). Gucci Group continues to grow particularly in Asia-
Pacific excluding Japan (+25%), driven by excellent growth in Greater China (37%). In mature markets, sales are particularly
penalized by the decline in attendance by tourists from Eastern Europe and the Middle East, and decline by 17%. Gucci Group
totals 596 stores as of end September 2009, including 38 in China.


Gucci

The turnover of Gucci fell by 2.8% in the comparable nine months of 2009. In the 3rd quarter of 2009, activity fell 7% on a
comparable basis (excluding Timepieces -6%) compared to Q3 2008. Sales made by Gucci in its own stores are performing well.
Wholesale activity, more exposed to the economic environment is in decline. Gucci continues to expand in emerging markets
(+11%) where the mark achieved 37% of sales this quarter. Greater China accounts for 19% of sales and is growing by 22%. Activity
on the historical market remains difficult. Gucci has 278 stores as of September 30, 2009, including 29 in China.


Bottega Veneta

Bottega Veneta sales decline by 9.3% in the comparable nine months of 2009. In the 3rd quarter 2009, sales decline of 11.6% on a
comparable basis to compare high in Q3 2008. Activity in the shops own activity but improves Wholesale is back in North America
and Europe. Bottega Veneta saw very strong growth in Asia-Pacific excluding Japan (+50%), which carries the brand 28% of sales
this quarter. Greater China also shows a strong 33% growth. End September 2009, the network Bottega Veneta has 131 own stores
including 7 in China.


Yves Saint Laurent

In the first nine months of 2009, sales of Yves Saint Laurent is down 14.3% on a comparable basis. The work of Yves Saint Laurent
fell by 20% in Q3 compared to 2009 on the basis of comparison particularly high in Q3 2008 (27%). Yves Saint Laurent is
particularly impacted by the slowdown in historical markets where the brand still carries 75% of its sales. Asia-Pacific,
representing 14% of its sales activity recorded excellent growth of 21.6%. Activity Leather and Footwear displays good resistance
driven by the excellent reception of new products. Yves Saint Laurent continued the policy of adapting its network of shops to the
most promising markets for growth. On September 30, 2009, the network has 66 own stores.


Other brands

All "Other brands" shows sales back from 11.7% in the comparable nine months of 2009. Activity fell by 15.3% as compared to Q3
2009. At Balenciaga, growth continues at a rapid pace especially in its own boutiques. Alexander McQueen and Stella McCartney
recorded a decline in wholesale business, partially offset by good performance of its own boutiques and licensing revenues. The
activity of Boucheron displays very good resistance in a market that remains difficult. Sales of Sergio Rossi are penalized by the
high comparison base and declining attendance tourists from Eastern Europe and the Middle East.



Transactions and events have occurred since 1 July 2009

- On October 5, 2009, the combined general meeting of shareholders of CFAO has decided to adopt a new governance structure to
the Supervisory Board and Executive, and the resulting change in the statutes and new rules of governance. Richard Biella chairs
the Executive and Alain Viry, Chairman of the Supervisory Board of CFAO.

- On October 7, 2009, PPR announced its intention to proceed with the IPO of its subsidiary CFAO on Euronext Paris by the end
of 2009, subject to market conditions and issued by the MFA of a visa on the prospectus relating to the operation. This project
represents a new stage in the growth strategy of PPR around a coherent set of powerful global brands in the world of equipment to
the person, both on the consumer segment of luxury that. The paper based CAD / CAM has been registered by the AMF under
number I09-079 dated October 7, 2009.

This announcement does not constitute and shall not be deemed to constitute a public offer, an offer to
purchase or solicitation of public interest for an operation by public offer of securities financial company
CFAO. No public offering of financial securities will be made in France or abroad before issuing the AMF visa
on the prospectus complies with Directive 2003/71/EC of the European Parliament and Council of November
4, 2003. The distribution of this announcement in certain countries may constitute a violation of legal
provisions in force. This release and the information it contains do not constitute an offer of securities of the
company CFAO the United States, Canada, Australia or Japan. This release should not be published,
transmitted or distributed, directly or indirectly on the territory of the United States of America, Canada,
Australia or Japan. The paper based CAD / CAM has been registered with the AMF October 7th, 2009 under
number I.09-079 (available on the website on the CAD / CAM and the AMF). Public attention is drawn to
Section 4 "Risk Factors" section of this document.



CONFERENCE CALL

PPR will hold a Conference Call for analysts and investors at 18:00 (Continental Europe) / 17:00 (UK) / 12:00 (EDT, USA) the
Tuesday, October 20, 2009.

The number to call is:
To France +33 (0) 1 70 99 42 78
For England +44 (0) 20 7138 0824
For United States +1 212 444 0481
Access Code: 2729804

Webcast:
France +33 (0) 1 74 20 28 00
UK +44 (0) 20 7111 1244
U.S. +1 347 366 9565
Replay access code: 2729804 # (until 1 November 2009)

PRESENTATION
The slides (PDF) will be available before the conference call at www.ppr.com

                                        Download the complete press release (. pdf 51 KB)


About PPR
PPR develops a portfolio of global brands with high growth potential. With its general consumer brands and its luxury brands,
PPR generated in 2008 a turnover of 20.2 billion euros. The Group is active in 94 countries and territories and gathers over 88
000 employees. PPR shares are listed on Euronext Paris (FR 0000121485, PRTP.PA, PP FP).
To explore the universe of PPR brands go on www.ppr.com : Fnac, Redcats Group (La Redoute, Vertbaudet, Somewhere,
Cyrillus, Daxon, Ellos, The Sportsman's Guide, The Golf Warehouse and brands of plus-size division), Conforama, CFAO, Puma
and the Luxury brands of Gucci Group (Gucci , Bottega Veneta, Yves Saint Laurent, Balenciaga, Boucheron, Sergio Rossi,
Alexander McQueen and Stella McCartney).



Contacts

Press:
Charlotte Judet
01 45 64 65 06
cjudet@ppr.com

Analysts / Investors:
Alexander Brettes
01 45 64 61 49
adebrettes@ppr.com

Website:
www.ppr.com

								
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