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Yue Yuen profits up in Q1

Yue Yuen holdings has posted improved financial first quarter results with both turnover and profit up against the same period ending March 31, 2014. Last year the company was embroiled in a trade dispute with workers which went on strike hitting the company's finiancial performance.

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Leather is the best material for Kering and others to use

Sometimes to get matters into proper perspective you have to look at them from the other way round. Last week was typical. If I have understood all the messages flying around the press and Internet Kering produced quite an interesting report called the Kering Environmental Profit & Loss (E P&L). 

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Porsche boosts deliveries, revenue and profit in first quarter

German OEM Dr. Ing. h.c. F. Porsche AG has started 2015 successfully, with growth in deliveries, revenue and profit in the first quarter. From January-March inclusive, the sports car manufacturer delivered 51,102 new cars – 32% more than in the same period last year. Leather features in many of the luxury and sports brand car interiors.

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Prada sees a sharp fall in profits

Prada will open fewer stores than previously planned this year, the Italian luxury goods group said on March 27, after reporting a 21% fall in its first-half net profit. Leather goods account for almost 70% of the Group’s revenues.

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Mixed fortunes for Kering

Kering, the French luxury and lifestyle company said on February 17 its net profit fell in 2014, reflecting lower demand for accessories and clothing at Gucci, its flagship label, and despite initial signs of a turnaround at Puma, its struggling sportswear brand.

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Prada profit falls 44%

Italian luxury group Prada said it would continue to cut costs next year and open fewer shops than planned after its profit slumped 44% in the three months to end-October, hurt by declining sales.

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