363
Fashion Jobs
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
HYPEBEAST
Brand Partnership Manager
Permanent · SEOUL
ADIDAS
Manager, Retail Marketing - Originals, Brand Adidas
Permanent · SEOUL
ADIDAS
Manager, bu - Football Apparel, Brand Adidas
Permanent · SEOUL
SWAROVSKI
District Manager (Travel Retail)
Permanent · SEOUL
SHISEIDO
E-Key Account Manager, Cosmetics&Fragrance (Korean Only)
Permanent · SEOUL
ADIDAS
sr. Manager, Process Excellence & Analytics, Scm
Permanent · SEOUL
ADIDAS
Director, Performance Management/s&op
Permanent · SEOUL
LEVI'S
DTC Assistant Marketing Manager
Permanent ·
AMORE PACIFIC
[경력] '24년 Amorepacific_기술기획 직무 채용
Permanent ·
By
Reuters
Published
May 11, 2009
Reading time
2 minutes
Download
Download the article
Print
Text size

PPR says to focus on cash and cost-cutting

By
Reuters
Published
May 11, 2009

PARIS, May 7 (Reuters) - French retail and luxury group PPR (PRTP.PA) on Thursday 7 May pledged to focus on cutting costs and generating cash to emerge stronger from the current consumer downturn.


Disgruntled PPR workers threw eggs at shareholders at the group's Annual General Meeting Photo : Joël Saget/AFP

PPR, which owns the French luxury group Gucci and retailers Conforama and Fnac, has been hit hard by the financial crisis and reiterated it would steer clear of making any major acquisitions or disposals.

Analysts have been regularly speculating the group would sell its retail arm to focus on luxury.

"If we concentrated on luxury, it would mean that we would be accepting to be a small company on a world scale," PPR Chief Executive Francois-Henri Pinault told the group's annual general meeting in Paris.

"It is important to have these two businesses to have a world presence."

He added the priority remained cutting net debt, which stood at 5.5 billion euros at the end of the year.

Pinault said the group had made progress on projects aimed at cutting costs such as closing down five Sergio Rossi shops in the United States, one Fnac outlet in Paris and several Conforama stores in Spain and Italy.

PPR has said it planned to eliminate 672 jobs at mail order business La Redoute, 800 at Conforama and 400 at Fnac.

Pinault declined to provide a trading forecast for the year.

At the end of March, the group's overall revenues fell 4.9 percent on a like-for-like basis.

"In 2009, we will remain focused on three major objectives: our impact on customers, cutting costs and generating cash flow," Pinault said.

(Reporting by Pascale Denis; writing by Astrid Wendlandt; editing by Simon Jessop)

© Thomson Reuters 2024 All rights reserved.