<SUBMISSION>
<ACCESSION-NUMBER>0000898822-03-000274
<TYPE>SC 13D/A
<PUBLIC-DOCUMENT-COUNT>2
<FILING-DATE>20030324
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>PINAULT PRINTEMPS REDOUTE S A /FI
<CIK>0001142252
<IRS-NUMBER>000000000
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13D/A
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>18 PLACE HENRI BERGSON
<STREET2>75387 PARIS CE DEX 08
<CITY>FRANCE
<STATE>I0
<ZIP>00000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>18 PLACE HENRI BERGION
<STREET2>75008 PARIS CEDEX
<CITY>FRANCE
<STATE>I0
<ZIP>00000
</MAIL-ADDRESS>
</FILED-BY>
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>GUCCI GROUP NV
<CIK>0001001576
<ASSIGNED-SIC>3100
<IRS-NUMBER>000000000
<FISCAL-YEAR-END>0131
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13D/A
<ACT>34
<FILE-NUMBER>005-49396
<FILM-NUMBER>03613857
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>REMBRANDT TOWER
<STREET2>AMSTELPLEIN 1
<CITY>AMSTERDAM NETHERLANDS
<STATE>P8
<ZIP>HA1096
<PHONE>31204621700
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>REMBRANDT TOWER
<STREET2>AMSTELPLEIN 1
<CITY>AMSTERDAM NETHERLANDS
<STATE>P8
<ZIP>3120462170
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>march24-form13da.txt
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                            ----------------------

                                  SCHEDULE 13D
                               (Amendment No. 11)

                    Under The Securities Exchange Act Of 1934


                                GUCCI GROUP N.V.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                 COMMON SHARES, NOMINAL VALUE NLG 2.23 PER SHARE
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   40156610-4
--------------------------------------------------------------------------------
                                 (CUSIP Number)

                               David A. Katz, Esq.
                         Wachtell, Lipton, Rosen & Katz
                               51 West 52nd Street
                            New York, New York 10019
                                 (212) 403-1000
--------------------------------------------------------------------------------
                 (Name, Address and Telephone Number of Person
               Authorized to Receive Notices and Communications)

                                 MARCH 20, 2003
--------------------------------------------------------------------------------
            (Date of Event Which Requires Filing of this Statement)

If the  filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.

Note:  Six copies of this statement, including all exhibits, should be filed
with the Commission.  See Rule 13d-1(a) for other parties to whom copies are to
be sent.


                         (Continued on following pages)
                               Page 1 of 14 Pages


<PAGE>



------------------------------------------------------------------------------
1     NAME OF REPORTING PERSON
PINAULT-PRINTEMPS-REDOUTE S.A.
 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

------------------------------------------------------------------------------
2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                    (a) / /
                                                                    (b) /x/

------------------------------------------------------------------------------
3     SEC USE ONLY


------------------------------------------------------------------------------
4     SOURCE OF FUNDS*
 BK (See Item 3)

------------------------------------------------------------------------------
5     CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
      PURSUANT TO ITEMS 2(d) or 2(e)                                  /  /
                                                                      ---

------------------------------------------------------------------------------
6     CITIZENSHIP OR PLACE OF ORGANIZATION
FRANCE

--------------------------------------------------------------------------------
                               -------------------------------------------------
                               7      SOLE VOTING POWER
      NUMBER OF                       60,599,438 (See Item 5)
      SHARES
                               -------------------------------------------------
      BENEFICIALLY             8      SHARED VOTING POWER
      OWNED BY                        -0-
      EACH
                               -------------------------------------------------
      REPORTING                9      SOLE DISPOSITIVE POWER
      PERSON                          60,599,438 (See Item 5)
      WITH
                               -------------------------------------------------
                               10     SHARED DISPOSITIVE POWER
                                       -0-
--------------------------------------------------------------------------------
11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
60,599,438 (See Item 5)

------------------------------------------------------------------------------
12    CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
      CERTAIN SHARES*                                                 /  /
                                                                      ---

------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
61.06% (based upon outstanding shares) (See Item 5)

------------------------------------------------------------------------------
14    TYPE OF PERSON REPORTING*
CO

------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT

<PAGE>
        This Amendment No. 11 ("Amendment No. 11") is filed by
Pinault-Printemps-Redoute S.A., a societe anonyme organized and existing
under the laws of the Republic of France ("PPR"), and amends the Schedule 13D
filed on March 29, 1999 by PPR, as previously amended by Amendment No. 1
filed on April 15, 1999, Amendment No. 2 filed on April 20, 1999, Amendment
No. 3 filed on July 19, 1999, Amendment No. 4 filed on November 18, 1999,
Amendment No. 5 filed on September 12, 2001, Amendment No. 6 filed on October
26, 2001, Amendment No. 7 filed on December 26, 2002, Amendment No. 8 filed
on January 15, 2003, Amendment No. 9 filed on January 24, 2003 and Amendment
No. 10 filed on February 24, 2003 (collectively, the "Schedule 13D").  PPR is
filing this Amendment No. 11 on behalf of itself and its wholly owned
subsidiary, Societe Civile de Gestion Financiere Marothi, a societe a
responsabilite limite organized and existing under the laws of the Republic
of France ("Marothi"), and Scholefield Goodmann BV, a private limited company
organized and existing under the laws of The Netherlands and a wholly owned
subsidiary of Marothi ("Scholefield").  This Amendment No. 11 relates to the
common shares, nominal value NLG 2.23 per share (the "Common Shares") of
Gucci Group N.V., a naamloze vennootschap organized under the laws of The
Netherlands (the "Company").  Capitalized terms used in this Amendment No. 11
without definition shall have the meanings ascribed to them in the Schedule
13D.

ITEM 3.     SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

            Item 3 is hereby amended and supplemented as follows:

            The funds used to purchase the 997,207 Common Shares described under
Item 4 below were obtained by PPR from available funds.

ITEM 4.     PURPOSE OF TRANSACTION.

            Item 4 is hereby amended and supplemented as follows:

            Scholefield acquired under the Purchase Plan an additional 997,207
Common Shares in transactions effected on the New York Stock Exchange and the
Amsterdam Stock Exchange between February 24, 2003 and March 20, 2003.

            As a result of these purchases and when combined with the Common
Shares previously owned, PPR may be deemed to beneficially own 60,599,438 Common
Shares. Based upon 99,250,833 Common Shares which the Company has informed PPR
are outstanding, as of February 28, 2003, PPR may be deemed to beneficially own
61.06% of the outstanding Common Shares.

            From time-to-time, depending on the market prices for the Common
Shares, PPR may acquire additional Common Shares in open market purchases,
negotiated transactions or otherwise, subject to the limitations set forth in
the Restated SIA and other legal and contractual restrictions. Except as set
forth in this Item 4, PPR presently has no plans or proposals that relate to or
would result in any of the actions specified in clauses (a) through (j) of Item
4 of Schedule 13D.

ITEM 5.     INTEREST IN SECURITIES OF THE ISSUER.

            Item 5 is hereby amended and supplemented as follows:

<PAGE>

         Scholefield acquired under the Purchase Plan an additional 997,207
Common Shares in transactions effected on the New York Stock Exchange and the
Amsterdam Stock Exchange between February 24, 2003 and March 20, 2003.

            As a result of these purchases and when combined with the Common
Shares previously owned, PPR may be deemed to beneficially own 60,599,438 Common
Shares. Based upon 99,250,833 Common Shares which the Company has informed PPR
are outstanding, as of February 28, 2003, PPR may be deemed to beneficially own
61.06% of the outstanding Common Shares.

            Except as set forth in this Item 5 and in Item 4 above, none of SFP,
Artemis, PPR, Purchaser and Mr. Pinault and none of the individuals named in
Exhibit 1 to the Schedule 13D as an executive officer or director of any of SFP,
Artemis, PPR and Purchaser has engaged in any transactions with respect to the
Common Shares during the past 60 days.

ITEM 7.     MATERIAL TO BE FILED AS EXHIBITS.

            Item 7 is hereby amended and supplemented as follows:

Exhibit 28 -      Common Share Purchases by Scholefield Goodmann BV on the
                  Amsterdam Stock Exchange between February 24, 2003 and March
                  20, 2003.


<PAGE>


                                    SIGNATURE

      After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete, and correct.

                                    PINAULT-PRINTEMPS-REDOUTE S.A.



                                    By: /s/ Serge Weinberg
                                       ---------------------------------------
                                       Name:  Serge Weinberg
                                       Title: Chairman and Chief Executive
                                              Officer



March 24, 2003

                                      -3-

<PAGE>


                                  EXHIBIT INDEX


     EXHIBIT                             DESCRIPTION

Exhibit 28 -      Common Share Purchases by Scholefield Goodmann BV on the
                  Amsterdam Stock Exchange between February 24, 2003 and March
                  20, 2003.


                                      -4-


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>march24-form13daex28.txt
<DESCRIPTION>EXHIBIT 99.28
<TEXT>
                                                                      EXHIBIT 28

              COMMON SHARE PURCHASES BY SCHOLEFIELD GOODMANN BV
                         ON THE AMSTERDAM STOCK EXCHANGE
                 BETWEEN FEBRUARY 24, 2003 AND MARCH 20, 2003

PURCHASES ON THE AMSTERDAM STOCK EXCHANGE (ALL AMOUNTS OTHER THAN NUMBER OF
SHARES IN EUROS)

                      NUMBER OF COMMON    PRICE PER COMMON     TOTAL PURCHASE
                      SHARES PURCHASED        SHARE (e)           PRICE (e)

February 24, 2003            572                87.80             50,221.60

February 24, 2003           5,127               87.85            450,406.95

February 24, 2003           3,911               87.90            343,776.90

February 24, 2003           2,150               87.95            189,092.50

February 24, 2003          15,200               88.00           1,337,600.00

February 24, 2003           2,276               88.05            200,401.80

February 24, 2003           2,360               88.10            207,916.00

February 24, 2003           5,000               88.15            440,750.00

February 24, 2003          16,242               88.20           1,432,544.40

February 24, 2003           5,000               88.25            441,250.00

February 24, 2003            309                88.40             27,315.60

February 24, 2003           1,000               88.45             88,450.00

February 24, 2003           5,359               88.50            474,271.50

February 26, 2003           1,883               87.00            163,821.00

February 26, 2003           1,280               87.10            111,488.00

February 26, 2003           4,808               87.15            419,017.20

February 26, 2003          24,817               87.20           2,164,042.40

February 26, 2003           1,444               87.25            125,989.00

February 26, 2003          15,015               87.30           1,310,809.50


                                      -5-
<PAGE>

February 26, 2003           2,517               87.35            219,859.95

February 26, 2003           1,310               87.40            114,494.00

February 26, 2003           5,550               87.45            485,347.50

February 26, 2003           5,882               87.50            514,675.00

February 28, 2003           6,339               87.05            551,809.95

February 28, 2003           2,000               87.10            174,200.00

February 28, 2003           5,000               87.15            435,750.00

February 28, 2003           8,000               87.20            697,600.00

February 28, 2003          28,267               87.25           2,466,295.75

February 28, 2003           3,674               87.30            320,740.20

February 28, 2003          11,226               87.35            980,591.10

March 4, 2003                752                86.15             64,784.80

March 4, 2003               2,302               86.20            198,432.40

March 4, 2003               3,354               86.30            289,450.20

March 4, 2003               9,312               86.35            804,091.20

March 4, 2003              18,915               86.40           1,634,256.00

March 4, 2003               3,406               86.45            294,448.70

March 4, 2003              10,212               86.50            883,338.00

March 4, 2003               2,000               86.60            173,200.00

March 4, 2003                156                86.70             13,525.20

March 4, 2003               3,334               86.75            289,224.50

March 6, 2003               1,000               85.80             85,800.00

March 6, 2003               1,669               85.90            143,367.10

March 6, 2003                551                85.95             47,358.45

March 6, 2003               8,720               86.00            749,920.00


                                      -6-
<PAGE>

March 6, 2003              10,588               86.05            911,097.40

March 6, 2003               6,574               86.10            566,021.40

March 6, 2003               7,000               86.15            603,050.00

March 6, 2003              12,315               86.25           1,062,168.75

March 6, 2003                26                 86.30             2,243.80

March 6, 2003               4,000               86.35            345,400.00

March 6, 2003               1,300               86.45            112,385.00

March 10, 2003               407                85.10             34,635.70

March 10, 2003              1,685               85.15            143,477.75

March 10, 2003              1,866               85.20            158,983.20

March 10, 2003              7,729               85.25            658,897.25

March 10, 2003             11,808               85.30           1,007,222.40

March 10, 2003              5,918               85.35            505,101.30

March 10, 2003              1,284               85.40            109,653.60

March 10, 2003              7,583               85.45            647,967.35

March 10, 2003             11,948               85.50           1,021,554.00

March 10, 2003              1,221               85.55            104,456.55

March 10, 2003              1,201               85.60            102,805.60

March 10, 2003              2,219               85.65            190,057.35

March 10, 2003               272                85.70             23,310.40

March 10, 2003               500                85.75             42,875.00

March 12, 2003              2,000               85.15            170,300.00

March 12, 2003              2,437               85.20            207,632.40

March 12, 2003              5,000               85.25            426,250.00

March 12, 2003              2,463               85.30            210,093.90



                                      -7-
<PAGE>

March 12, 2003              5,578               85.35            476,082.30

March 12, 2003              8,230               85.40            702,842.00

March 12, 2003             17,678               85.45           1,510,585.10

March 12, 2003              7,089               85.50            606,109.50

March 12, 2003               500                85.55             42,775.00

March 12, 2003              2,161               85.70            185,197.70

March 12, 2003              2,505               85.75            214,803.75

March 14, 2003              5,000               87.10            435,500.00

March 14, 2003              5,000               87.30            436,500.00

March 14, 2003               856                87.35             74,771.60

March 14, 2003               14                 87.40             1,223.60

March 14, 2003               11                 87.45              961.95

March 14, 2003              4,071               87.55            356,416.05

March 14, 2003              5,025               87.60            440,190.00

March 14, 2003              1,438               87.65            126,040.70

March 14, 2003              8,897               87.70            780,266.90

March 14, 2003              9,439               87.75            828,272.25

March 14, 2003              9,271               87.80            813,993.80

March 14, 2003              5,619               87.85            493,629.15

March 14, 2003              1,000               87.90             87,900.00

March 18, 2003               901                89.50             80,639.50

March 18, 2003              1,000               89.55             89,550.00

March 18, 2003              1,488               89.65            133,399.20

March 18, 2003              2,586               89.70            231,964.20

March 18, 2003              2,241               89.75            201,129.75



                                      -8-
<PAGE>

March 18, 2003              7,223               89.80            648,625.40

March 18, 2003              8,625               89.25            769,781.25

March 18, 2003              4,387               89.90            394,391.30

March 18, 2003              2,500               89.95            224,875.00

March 18, 2003             13,747               90.00           1,237,230.00

March 18, 2003              5,530               90.05            497,976.50

March 18, 2003              5,785               90.25            522,096.25

March 20, 2003               880                89.65             78,892.00

March 20, 2003              1,000               89.70             89,700.00

March 20, 2003              1,500               89.75            134,625.00

March 20, 2003              9,478               89.80            851,124.40

March 20, 2003             10,405               89.85            934,889.25

March 20, 2003              5,500               89.90            494,450.00

March 20, 2003              6,790               89.95            610,760.50

March 20, 2003             10,547               90.00            949,230.00

March 20, 2003              3,962               90.10            356,976.20

March 20, 2003              1,000               90.15             90,150.00

March 20, 2003              4,951               90.20            446,580.20
                            -----                                ----------

       TOTAL               579,953                              50,662,461.70




PURCHASES ON THE NEW YORK STOCK EXCHANGE (ALL AMOUNTS OTHER THAN NUMBER OF
SHARES IN U.S. DOLLARS)

                      NUMBER OF COMMON    PRICE PER COMMON     TOTAL PURCHASE
                      SHARES PURCHASED        SHARE ($)           PRICE ($)

February 24, 2003            400                94.39             37,756.00



                                      -9-
<PAGE>

February 24, 2003           4,900               94.40            462,560.00

February 24, 2003           9,200               94.41            868,572.00

February 24, 2003            200                94.44             18,888.00

February 24, 2003           5,800               94.45            547,810.00

February 24, 2003           8,000               94.47            755,760.00

February 24, 2003           4,595               94.50            434,227.50

February 24, 2003           3,000               94.54            283,620.00

February 24, 2003            700                94.55             66,185.00

February 26, 2003            800                93.82             75,056.00

February 26, 2003           2,600               93.89            244,114.00

February 26, 2003           3,400               93.90            319,260.00

February 26, 2003          49,795               94.00           4,680,730.00

March 4, 2003               3,300               94.25            311,025.00

March 4, 2003               7,600               94.27            716,452.00

March 4, 2003                100                94.28             9,428.00

March 4, 2003                500                94.34             47,170.00

March 4, 2003               6,100               94.35            575,535.00

March 4, 2003                870                94.36             82,093.20

March 4, 2003                400                94.40             37,760.00

March 4, 2003               6,000               94.49            566,940.00

March 4, 2003              30,000               94.50           2,835,000.00

March 6, 2003               9,800               94.17            922,866.00

March 6, 2003               4,870               94.21            458,802.70

March 6, 2003                500                94.23             47,115.00

March 6, 2003              12,400               94.24           1,168,576.00


                                      -10-
<PAGE>

March 6, 2003               8,300               94.25            782,275.00

March 6, 2003               7,200               94.30            678,960.00

March 6, 2003               1,000               94.32             94,320.00

March 6, 2003               7,800               94.33            735,774.00

March 6, 2003               3,000               94.34            283,020.00

March 10, 2003              3,500               94.30            330,050.00

March 10, 2003              2,600               94.33            245,258.00

March 10, 2003              2,000               94.34            188,680.00

March 10, 2003             10,112               94.35            954,067.20

March 10, 2003              1,000               94.39             94,390.00

March 10, 2003               600                94.40             56,640.00

March 10, 2003              7,000               94.41            660,870.00

March 10, 2003               400                94.45             37,780.00

March 10, 2003               500                94.46             47,230.00

March 10, 2003              3,100               94.49            292,919.00

March 10, 2003             22,400               94.50           2,116,800.00

March 12, 2003              1,300               94.00            122,200.00

March 12, 2003              1,700               94.05            159,885.00

March 12, 2003              2,000               94.09            188,180.00

March 12, 2003             33,000               94.10           3,105,300.00

March 12, 2003               500                94.11             47,055.00

March 12, 2003              1,600               94.14            150,624.00

March 12, 2003             13,112               94.15           1,234,494.80

March 14, 2003               600                94.55             56,730.00

March 14, 2003              6,000               94.65            567,900.00


                                      -11-
<PAGE>

March 14, 2003               700                94.70             66,290.00

March 14, 2003              1,800               94.71            170,478.00

March 14, 2003               400                94.72             37,888.00

March 14, 2003              1,600               94.73            151,568.00

March 14, 2003               212                94.74             20,084.88

March 14, 2003             25,000               94.75           2,368,750.00

March 14, 2003               200                94.85             18,970.00

March 14, 2003              1,800               94.86            170,748.00

March 14, 2003              2,000               94.88            189,760.00

March 14, 2003              2,000               94.90            189,800.00

March 14, 2003              4,000               94.99            379,960.00

March 14, 2003              6,900               95.00            655,500.00

March 20, 2003               393                95.20             37,413.60

March 20, 2003               800                95.23             76,184.00

March 20, 2003               500                95.25             47,625.00
                             ---                                  ---------
Total                      417,254                              39,363,702.18

                                      -12-

</TEXT>
</DOCUMENT>
</SUBMISSION>
