Gucci Revenue and Competitors

Founded in Florence in 1921, Gucci is one of the world's leading luxury brands. Gucci designs, manufactures and distributes high-quality and highly desirable products such as leather goods (handbags, small leather goods, and luggage), shoes, ready-to-wear, silks, timepieces and fine jewelry. Eyewear and fragrances are manufactured and distributed under license by global industry leaders in these two sectors. Gucci's core values are uncompromised craftsmanship, outstanding quality and absolute made in Italy (with the only exception of watches, which are produced in Switzerland). According to a perfect balance between creativity and results, Gucci posted another record year in 2006, with revenues amounting to 2,101 million Euro (+16.8%, on top of a 18.4% growth in 2005) and a recurring operating income of 612 million Euro (+26.0%, for an incidence on revenues of 29.1%). Gucci products are sold exclusively through a highly selected network of directly-operated stores (which totalled 227 at June 2006), which represents more than 70% of Gucci total revenues. Other significant channels are franchisees; duty-free boutiques; department and specialty stores around the world. Ecommerce is also a complementary valuable channel. The Gucci's selling experience in all these channels is definitely exclusive, luxurious and highly desirable. Gucci is part of Gucci Group N.V., owned by PPR, a global player in Retail and Luxury Goods. Shares in PPR are traded on the Euronext Paris (#121485, PRTP.PA , PPFP).