Thursday, 10 November 2005 | Elif Sungur

Gucci Group Finalizes Control Over the Sergio Rossi Brand

Gucci Group and Mr Sergio Rossi announce today that Mr Sergio Rossi and his family will end their collaboration with the Sergio Rossi brand. This decision follows the agreements reached between Mr Sergio Rossi and Gucci Group in November 1999 and January 2004, when Gucci Group's ownership of Sergio Rossi went from 70% to 100%. On that occasion it was anticipated that Mr Rossi would relinquish his personal involvement in the Sergio Rossi brand upon the Gucci Group's acquisition of complete control over the Sergio Rossi brand.

Sergio Rossi and his family founded the company in the 1950's and under their direction the Sergio Rossi
brand has become a unique vision of luxury. In total respect of its strategic plan, the brand will continue to offer unparalleled and exclusive collections designed by expert designers of women's and men's shoes,
and accessories.

Isabelle Guichot, Chief Executive Officer of Sergio Rossi, commented "Mr. Sergio Rossi and his family
have played a key role in the luxury shoe sector. We are incredibly grateful for the valuable contribution
they have made to the brand over the years. We believe that by leveraging the brand's strong foundations
and its great potential, the Sergio Rossi brand has all the required assets to achieve its targets."

Produced by skilled shoe masters in an avant-garde manufacturing site in San Mauro Pascoli - in the
Centre of Italy - Sergio Rossi's made in Italy shoes are synonymous with unsurpassed elegance and
comfort. The company is currently present with 48 directly operated stores and in a selected number of
multi-brand stores worldwide. A new directly operated store will soon open on Fifth Avenue in New York.

About Gucci Group
Gucci Group N.V. is one of the world's leading multi-brand luxury goods companies. Through the brands Gucci, Yves Saint Laurent, Bottega Veneta, YSL Beauté, Boucheron, Sergio Rossi, Bédat & Co., Roger & Gallet, Alexander McQueen, Stella McCartney and Balenciaga, the Group designs, produces and distributes high-quality personal luxury goods, including ready-to-wear, handbags, luggage, small leather goods, shoes, timepieces, jewellery, ties and scarves, eyewear, perfumes, cosmetics and skincare products. The Group directly operates stores in major markets throughout the world and wholesales products through franchise stores, duty-free boutiques and leading department and specialty stores. Gucci Group is owned by PPR, a global player in retail and luxury goods.
Shares in PPR are traded on the Euronext Paris.

For more information, please visit http://www.guccigroup.com