


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                             ----------------------

                                  SCHEDULE 13D
                               (AMENDMENT NO. 14)

                    Under The Securities Exchange Act Of 1934


                                GUCCI GROUP N.V.
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                                (Name of Issuer)

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

                                   40156610-4
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                                 (CUSIP Number)

                               DAVID A. KATZ, ESQ.
                         WACHTELL, LIPTON, ROSEN & Katz
                               51 West 52nd Street
                            New York, New York 10019
                                 (212) 403-1000
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                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                  JUNE 6, 2003
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             (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 7 Pages


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

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2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                (a)     [ ]
                                                                (b)     [x]

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3        SEC USE ONLY


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4        SOURCE OF FUNDS*
 BK (SEE ITEM 3)

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


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6        CITIZENSHIP OR PLACE OF ORGANIZATION
 FRANCE

--------------------------------------------- ----------------------------------
                                              7    SOLE VOTING POWER
         NUMBER OF                                 63,233,940  (SEE ITEM 5)
         SHARES
                                              ----------------------------------
         BENEFICIALLY                         8    SHARED VOTING POWER
         OWNED BY                                  -0-
         EACH
                                              ----------------------------------
         REPORTING                            9    SOLE DISPOSITIVE POWER
         PERSON                                    63,233,940  (SEE ITEM 5)
         WITH
                                              ----------------------------------
                                              10   SHARED DISPOSITIVE POWER
                                                   -0-
--------------------------------------------- ----------------------------------
11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
63,233,940  (SEE ITEM 5)

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12       CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                                 [ ]


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13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  63.72% (BASED UPON OUTSTANDING SHARES) (SEE ITEM 5)

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14       TYPE OF PERSON REPORTING*
CO

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                      *SEE INSTRUCTIONS BEFORE FILLING OUT

                              Page 2 of 7 Pages

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                  This Amendment No. 14 ("Amendment No. 14") 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, Amendment No. 10 filed on February 24, 2003,
Amendment No. 11 filed on March 24, 2003, Amendment No. 12 filed on April 30,
2003 and Amendment No. 13 filed on May 9, 2003 (collectively, the "Schedule
13D"). PPR is filing this Amendment No. 14 on behalf of itself and its wholly
owned subsidiary, Societe Civile de Gestion Financiere Marothi, a societe a
responsabilite limitee 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. 14 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. 14 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 430,000 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 an additional 430,000 Common Shares in
transactions effected on the Amsterdam Stock Exchange between May 12, 2003 and
June 4, 2003.

                  As a result of these purchases and when combined with the
Common Shares previously owned, PPR may be deemed to beneficially own 63,233,940
Common Shares. Based upon 99,245,160 Common Shares which the Company has
informed PPR are outstanding, as of May 31, 2003, PPR may be deemed to
beneficially own 63.72% of the outstanding Common Shares.

                  On January 24, 2003, PPR entered into a purchase plan with
Credit Agricole Indosuez Cheuvreux ("CAIC") pursuant to which PPR gave CAIC an
irrevocable mandate to purchase, as PPR's independent agent, up to an aggregate
of 3,000,000 Common Shares through purchases on the New York Stock Exchange (the
"NYSE") and the ASX. This purchase plan has been described in and filed as
Exhibit 25 to the Amendment No. 9. This purchase plan terminated pursuant to its
terms on April 4, 2003.

                  On June 6, 2003, PPR entered into a new purchase plan (the
"June 2003 Purchase Plan") with CAIC pursuant to which PPR gave CAIC an
irrevocable mandate to purchase, as

                              Page 3 of 7 Pages

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PPR's independent agent, up to an aggregate of one million (1,000,000) Common
Shares through purchases on the NYSE and the ASX. A copy of the June 2003
Purchase Plan is filed as Exhibit 32 to this Amendment No. 14 and is
specifically incorporated into this Amendment No. 14 by reference, and the
following description of the June 2003 Purchase Plan is qualified in its
entirety by reference to the June 2003 Purchase Plan.

                  Under the June 2003 Purchase Plan, CAIC will purchase Common
Shares on each day on which both the NYSE is open for trading and the Common
Shares trade in a regular way on the NYSE, at the then prevailing market (bid)
price, provided that such price does not exceed $98.25 per share (the "NYSE
Maximum Purchase Price") and the US dollar/Euro exchange rate at the time of the
relevant purchase (as reported on Reuters page EUR=) is above 1.065. CAIC also
may purchase Common Shares on the ASX on days when the ASX is open for trading,
provided that the purchase price does not exceed EUR 92.25 per share (the "ASX
Maximum Purchase Price"). The NYSE Maximum Purchase Price, the ASX Maximum
Purchase Price and the total amount of Common Shares to be purchased will be
adjusted automatically on a proportionate basis to take into account any stock
split, reverse stock split or stock dividend with respect to the Common Shares
or any change in capitalization that occurs while the June 2003 Purchase Plan is
in effect. PPR will pay CAIC any ordinary course brokerage fees and commissions
(which will not exceed 0.20% gross per Common Share purchased), as well as any
taxes and stamp duties to be incurred in connection with the implementation of
the June 2003 Purchase Plan. Pursuant to the June 2003 Purchase Plan, the total
number of Common Shares to be purchased on any day will not exceed the then
applicable volume limitation of Rule 10b-18 of the Exchange Act and all
purchases will otherwise be in compliance with Rule 10b-18 of the Exchange Act.
It is the intent of PPR and CAIC that the June 2003 Purchase Plan comply with
the requirements of Rule 10b5-(1)(c) of the Exchange Act. PPR is entering into
the June 2003 Purchase Plan in order to be able to acquire Common Shares during
the period that the June 2003 Purchase Plan is in effect while maintaining
compliance with the Company's insider trading policy.

                  CAIC will not make any purchases under the June 2003 Purchase
Plan prior to June 11, 2003. The June 2003 Purchase Plan will terminate on the
earlier to occur of (1) July 6, 2003 at the closing of the NYSE (or, if the
publication of the Company's first quarter results is postponed, 5 trading days
after the date on which such results are published), (ii) the date on which CAIC
receives notice of the commencement or impending commencement of any proceedings
in respect of or triggered by the Issuer's bankruptcy or insolvency, or (iii)
one million (1,000,000) Common Shares are purchased pursuant to the June 2003
Purchase Plan. The June 2003 Purchase Plan is irrevocable and cannot be
terminated or modified by PPR prior to July 6, 2003.

                  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 4 of 7 Pages

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                  Scholefield acquired an additional 430,000 Common Shares in
transactions effected on the Amsterdam Stock Exchange between May 12, 2003 and
June 4, 2003.

                  As a result of these purchases and when combined with the
Common Shares previously owned, PPR may be deemed to beneficially own 63,233,940
Common Shares. Based upon 99,245,160 Common Shares which the Company has
informed PPR are outstanding, as of May 31, 2003, PPR may be deemed to
beneficially own 63.72% 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 31 -               Common Share Purchases by Scholefield Goodmann BV on
                           the Amsterdam Stock Exchange between May 12, 2003 and
                           June 4, 2003.

Exhibit 32 -               June 2003 Purchase Plan, dated June 6, 2003, between
                           Pinault Printemps-Redoute and Credit Agricole
                           Indosuez Cheuvreux.

                              Page 5 of 7 Pages

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                                    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



June 10, 2003



                              Page 6 of 7 Pages

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                                  EXHIBIT INDEX


   EXHIBIT                                     DESCRIPTION

Exhibit 31 -               Common Share Purchases by Scholefield Goodmann BV on
                           the Amsterdam Stock Exchange between May 12, 2003 and
                           June 4, 2003.

Exhibit 32 -               June 2003 Purchase Plan, dated June 6, 2003, between
                           Pinault Printemps-Redoute and Credit Agricole
                           Indosuez Cheuvreux.



                               Page 7 of 7 Pages






