PPR Sales Up 7.5%, Management Shakeup Announced

François-Henri Pinault





PPR, the world’s third largest luxury group, reported a 7.5 percent increase in revenue to 14.6 billion euros ($20 billion) for 2010. On a comparable basis, when currency fluctuations and other factors are removed, revenue increased 4 percent.Net earnings income for the Paris-based company totaled 965 million euros ($1.31 billion) versus 950 million euros ($1.29