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April 26, 2012

Ermenegildo Zegna, the Italian fashion house controlled by the founding Zegna family, saw its profits almost double in 2011, while three other family businesses in Europe have reported mixed quarterly results.

Ermenegildo Zegna, the Italian fashion house controlled by the founding Zegna family, saw its profits almost double in 2011, while three other family businesses in Europe have reported mixed quarterly results.

Piedmont-based Ermenegildo Zegna, chaired by fourth-generation Paolo Zegna, said on 25 April that net profit jumped 91.5% in 2011 to €115 million. Revenues at the company, which was founded in 1910 as a weaving business, also grew by 17% to €1.13 billion.

February 17, 2012

French family business PPR has announced strong results this week, boosted by its luxury division, but Greece’s Coca-Cola Hellenic has seen its profit plummet by 28%. 

French family business PPR has announced strong results this week, boosted by its luxury division, but Greece’s Coca-Cola Hellenic has seen its profit plummet by 28%.

PPR, the luxury and retail group controlled by the Pinault family, said revenues jumped 11.1% in 2011 to €12.2 billion, from €11.01 billion in 2010.

January 18, 2012

French luxury groups PPR and LVMH, which in the throes of "shopping fever" acquired a number of Italian family businesses recently, have no chance of getting their hands on the Giorgio Armani Group. 

French luxury groups PPR and LVMH, which in the throes of "shopping fever" acquired a number of Italian family businesses recently, have no chance of getting their hands on the Giorgio Armani Group. 

That's according to the company's chief executive, Giorgio Armani, who said the family business, which includes brands such as Emporio Armani and Armani Exchange, is not for sale.

January 3, 2012

With his successful family business, large collection of art, multi-billion-dollar fortune and football team Stade Rennais Football Club, Francois Pinault doesn’t want for much – except the privilege of being a member of France’s Legion of Honour. 

With his successful family business, large collection of art, multi-billion-dollar fortune and football team Stade Rennais Football Club, Francois Pinault doesn’t want for much – except the privilege of being a member of France’s Legion of Honour.

But the country’s president, Nicolas Sarkozy, recently announced plans to amend this – naming Pinault on the New Year's Honours list.

November 15, 2011

Shelling out £20 million (€23.4 million) for a two-bedroom house in the heart of London may be over the top for some, but for the founder of luxury goods group PPR, Francois Pinault, it was just another investment.

Shelling out £20 million (€23.4 million) for a two-bedroom house in the heart of London may be over the top for some, but for the founder of luxury goods group PPR, Francois Pinault, it was just another investment.

The French billionaire, whose family-controlled PPR owns brands such as Gucci and Stella McCartney, has paid around €23 million for a house in the upmarket neighbourhood of Chelsea.

November 8, 2011

The family behind luxury goods maker PPR has acquired Italian men’s wear maker Brioni, owned by descendants of its founding families, as the Paris-based holding company continues to ramp up its portfolio of luxury brands.

The family behind luxury goods maker PPR has acquired Italian men’s wear maker Brioni, owned by descendants of its founding families, as the Paris-based holding company continues to ramp up its portfolio of luxury brands.

The purchase of Brioni, famous for making tuxedos for James Bond films, was for an undisclosed amount.

July 5, 2011

Family-controlled luxury retail giant PPR has gained majority control in watchmaker Sowind Group, controlled by the Macaluso family, in a further move by PPR to increase its presence in the luxury sector.

Family-controlled luxury retail giant PPR has gained majority control in watchmaker Sowind Group, controlled by the Macaluso family, in a further move by PPR to increase its presence in the luxury sector.

PPR, headed by Francois-Henri Pinault, said on 4 July that it has upped its stake in the Swiss watchmaker to 50.1% from its earlier 23% stake. The move comes as PPR continues to refocus its operations on the luxury and lifestyle divisions.

June 30, 2011

In the smartest arrondissement in Paris, the eighth, there is an area referred to by the locals as the triangle d’or. It’s formed by three of the most exclusive shopping Avenues – Montaigne, George V and Champs-Élysées – and contains a number of fashionable Rues in between. It is also the home of some of the best-known family businesses in the luxury sector.

In the smartest arrondissement in Paris, the eighth, there is an area referred to by the locals as the triangle d’or. It’s formed by three of the most exclusive shopping Avenues – Montaigne, George V and Champs-Élysées – and contains a number of fashionable Rues in between. It is also the home of some of the best-known family businesses in the luxury sector.

May 3, 2011

Family-controlled luxury retail group PPR announced on 2 May that it will acquire sportswear brand Volcom for €410.9 million, in a further attempt to refocus PPR on the luxury and lifestyle division. 

Family-controlled luxury retail group PPR announced on 2 May that it will acquire sportswear brand Volcom for €410.9 million, in a further attempt to refocus PPR on the luxury and lifestyle division.

In a statement, the group said that it will buy 100% of California-based Volcom’s shares as it tries to expand PPR’s sports and lifestyle operations. It expects the deal to be completed by the third quarter of the year.

The purchase is a further example of PPR’s strategy to specialise in clothes and accessories focused on the luxury markets.

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