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YSL to Make Small Operating Profit in Fiscal 2005

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By: TOM BRANNA

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Luxury goods maker Gucci Group NV said it expects its Yves Saint Laurent brand to reach profitability in its fiscal year from Feb. 2005 to Jan. 2006, a year later than it had originally targeted, according to a Dow Jones report.Citing “current economic conditions,” a spokesman said Gucci expects YSL to make “a small operating profit” in fiscal 2005. Management at the world’s third biggest luxury goods company has been focusing considerable energy on turning around Y...

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