From 4 luxury stores in the Greater China region in 2004 to 98 direct-selling stores to this day, it just takes several years for PPR, the world’s third largest luxury group, to make great expansion in Chinese market.

 

The record is going to be broken by itself.

 

Francois-Henri Pinault, president and chief executive officer, told CBN News in an interview that his company will accelerate its expansion and increase its sales in China, particularly making debuts in new cities.

 

 “We will add new products, such as menswear and children’s garment, to our original ranges in the first-tier cities,” he added.

 

PPR’s profits come from three major brands: Gucci, Bottega Veneta and Balenciaga and China has surpassed the US, becoming its biggest overseas market, and will make greater contribution to its total profits for a long period of time in the future.