At a meeting held in London earlier today, Robert Polet, President and CEO of Gucci Group, presented his management team's three-year strategy, six months after PPR acquired full ownership and operational control of the world's third largest Luxury Goods group.
Mr. Polet announced that he expected Gucci Group revenues over the coming three years to grow at a compound rate of at least 10% per annum on a constant currency basis, and EBITA, also at constant currency, to grow at an even faster pace.
Mr. Polet stated: “In the coming three years, Gucci Group will build on its key strengths. We will continue to develop a multibrand group in which each brand is to play a specific role, starting with renewed focus on the core Gucci brand. We intend to double the size of the Gucci brand in seven years and improve significantly the performance of all the others brands. Gucci Group is extremely well positioned to exploit the great growth opportunities ahead in new markets as well as in product categories in which we have unmatched authority.”
An audiocast of the meeting and the slides of the presentation are available on the PPR website at www.pprgroup.com.