PPR=?UTF-8?B?wrQ=?=s shares up thanks to Brioni

A new Post "PPR´s shares up thanks to Brioni" was written on the January 16, 2012 at 6:00 pm on "Textile Global - Textile and Fashion News".

French luxury goods group PPR closed up by 0.56% Thursday after
announcing the completion

of its recently-announced acquisition of Italian Brioni. To success,
PPR has had to get green lights from European antitrust authorities.
Meanwhile, shares of Phillips-Van Heusen (NYSE: PVH) were subject of
analysts comments this week. Research analysts at Piper Jaffray
boosted their price target on shares of the group to $84.00 in a
report issued on Thursday, while analysts at Sterne Agee initiated
coverage on shares of Phillips-Van Heusen in a research note to
investors on Monday by setting a "buy" rating and a $85.00 price
target on the stock.

At the other side of the globe, Fast Retailing cut its operating
profit forecast for the year to end-August to 130.5 billion yen from
its previous estimate of 135.5 billion yen. The new projection is
slightly below an average estimate of 131.4 billion yen in a poll of
22 analysts by Thomson Reuters I/B/E/S.

Asian largest apparel retailer posted a 2.8 percent fall in quarterly
operating profit after a warmer than expected autumn impacted
negatively on sales at its flagship Uniqlo in Japan. Reuters reported
Fast Retailing's operating profit totaled 48.45 billion yen ($629.88
million) for September-November, reflecting a 4.0 percent fall over
the period in same-store sales at Uniqlo outlets in its home market of
Japan.

The speciality brand chain operator cut its operating profit forecast
for the year to end-August to 130.5 billion yen from its previous
estimate of 135.5 billion yen. The new projection is slightly below an
average estimate of 131.4 billion yen in a poll of 22 analysts by
Thomson Reuters I/B/E/S. The retailer´s shares fell 0.5 percent to
14,520 yen at the market close in Tokyo slightly before the forecast
and results were announced. However, Bloomberg recalled how the stock
has gained 18 percent in the past 12 months, compared with a 22
percent slide for the broader Topix index.

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PPR´s shares up thanks to Brioni

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