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Article: GUCCI BUYS AGAIN: DEAL FOR BOUCHERON BOOSTS JEWELRY UNIT.(Gucci Group NV buys Boucheron International SA)(Brief Article)
- Article from:
- WWD
- Article date:
- May 24, 2000
- Author:
CopyrightCOPYRIGHT 2000 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Milan -- Gucci Group NV roared into new luxury territory in a most timely manner Tuesday with a small but significant acquisition: French jeweler Boucheron International SA.
The group also released preliminary figures for the first quarter that showed a 27 percent rise in sales in the Gucci division, to $342.9 million, while the group, with results of Yves Saint Laurent and Sergio Rossi now fully consolidated, posted sales of $530 million.
Additionally, Gucci Group revised downward its 2000 earnings-per-share estimate to $3.10, from $3.45, after the Securities and Exchange Commission said that Gucci must amortize goodwill and acquired trademarks over ...