01/27/2005 : 2004 Fourth Quarter and Full Year Sales

» Excellent growth for the 'New PPR': up 6.4%
» Strong upswing in Luxury Goods: up 17.1% in November - December

Serge Weinberg, Chairman of the Management Board of Pinault-Printemps-Redoute, made the following statement:

'The sales figures we're releasing today clearly show that, with the completion of its strategic shift, PPR has entered an exciting new phase of sustained organic growth, buoyed by a dynamic portfolio of brands and companies. The Retail Division continues to grow, reflecting the strength of our retail concepts and their enormous appeal for consumers, both in France and internationally. The strong upward momentum in Luxury Goods recorded in the last two months of 2004 is a clear indication of the soundness of our strategic and organisational decisions and bodes well for the year ahead.'

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Press:
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Catherine Malek + 33 (0)1 45 64 61 20

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