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NEW YORK BELSTAFF NEW BOWS COLLECTIONS YORK A FIRST LOOK AT THE TOMMY, CAROLINA, THAKOON, NEW BELSTAFF LINE, BASTIAN, THE ROW... COLLECTIONS WHICH WILL SHOW NEW YORK FASHION WEEK IN LONDON THE NEW YORK COLLECTIONS TOOK A FINAL TURN ON THE RUNWAY WITH SHOWS FROM DESIGNERS THIS WEEKEND. SUCHROLLS AS ON.RALPH PAGES LAUREN, 6 TO CALVIN 10 KLEIN, PROENZA SCHOULER AND RALPH RUCCI. PAGES 4 T0 7 PAGE 16 THINKING BIGGER PPR Aims to Triple In Size by 2020 By JOELLE DIDERICH PARIS — PPR is thinking big. François-Henri Pinault, chairman and chief execu- tive officer of the French group, hopes to triple the size of its core luxury and sport & lifestyle divisions FRIDAY, FEBRUARY 17, 2012 Q $3.00 Q WOMEN’S WEAR DAILY by the end of the decade and increase revenues to 24 billion euros, or $31.5 billion at current exchange — WWD roughly on a par with the sales posted by LVMH Moët Hennessy Louis Vuitton in 2011. Pinault revealed his ambitions for PPR, which is shedding its retail activities to focus on high-growth potential brands like Gucci, Puma and Bottega Veneta, at a press conference following the publica- tion of 2011 results that showed a record 26.4 percent Mara jump in net profit from continuing operations. “Our primary ambition is to build a group with rev- enues of at least 24 billion euros by 2020, with roughly 60 percent generated by the luxury division and 40 percent by sport & lifestyle,” Pinault said. “Our brands are powerful and have considerable Time potential for organic growth, because they are in line with the underlying consumer trends of today: self- “I wear a lot of black,” Rooney Mara fulfillment, a certain hedonism, consumers’ sense of responsibility for their choices and the convergence laughed backstage at the Calvin Klein of tastes from country to country and from generation Collection runway show on Wednesday.
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