



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

                                  SCHEDULE 13D
                               (Amendment No. 18)

                    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)

                               September 22, 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 6 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

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                                7      SOLE VOTING POWER
      NUMBER OF                        67,180,065 (See Item 5)
      SHARES
      BENEFICIALLY             -------------------------------------------------
      OWNED BY                 8      SHARED VOTING POWER
      EACH                            -0-
      REPORTING
      PERSON                   -------------------------------------------------
      WITH                     9      SOLE DISPOSITIVE POWER
                                      67,180,065 (See Item 5)

                               -------------------------------------------------
                               10     SHARED DISPOSITIVE POWER
                                       -0-
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11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
67,180,065  (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)
67.34% (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


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          This Amendment No. 18 ("Amendment No. 18") 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, Amendment No. 13 filed on May 9, 2003, Amendment No. 14 filed on June 10,
2003, Amendment No. 15 filed on July 21, 2003, Amendment No. 16 filed on August
1, 2003, and Amendment No. 17 filed on August 21, 2003 (collectively, the
"Schedule 13D").  PPR is filing this Amendment No. 18 on behalf of itself and
its wholly owned subsidiary, Societe Financiere Marothi, a societe a
responsabilite limitee organized and existing under the laws of the Republic of
France ("Marothi"), and Scholefield Goodman 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. 18 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. 18 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 1,016,215 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 August 2003 Purchase Plan an
additional 1,016,215 Common Shares in transactions effected on the Amsterdam
Stock Exchange and the New York Stock Exchange between August 21, 2003 and
September 22, 2003.

                  As a result of these purchases and when combined with the
Common Shares previously owned, PPR may be deemed to beneficially own 67,180,065
Common Shares. Based upon 99,759,991 Common Shares which the Company has
informed PPR are outstanding, as of July 31, 2003, PPR may be deemed to
beneficially own 67.34% of the outstanding Common Shares.

ITEM 5.           INTEREST IN SECURITIES OF THE ISSUER.

                  Item 5 is hereby amended and supplemented as follows:


                               Page 3 of 6 Pages

<PAGE>

                  Scholefield acquired under the August 2003 Purchase Plan an
additional 1,016,215 Common Shares in transactions effected on the Amsterdam
Stock Exchange and the New York Stock Exchange between August 21, 2003 and
September 22, 2003.

                  As a result of these purchases and when combined with the
Common Shares previously owned, PPR may be deemed to beneficially own 67,180,065
Common Shares. Based upon Common Shares which the Company has informed PPR are
outstanding, as of July 31, 2003, PPR may be deemed to beneficially own 67.34%
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 38 -         Common Share Purchases by Scholefield Goodman BV on the
                     Amsterdam Stock Exchange and the New York Stock Exchange
                     between August 21, 2003 and September 22, 2003.








                               Page 4 of 6 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



September 23, 2003








                               Page 5 of 6 Pages

<PAGE>


                                  EXHIBIT INDEX

         EXHIBIT                           DESCRIPTION

Exhibit 38 -               Common Share Purchases by Scholefield Goodman BV on
                           the Amsterdam Stock Exchange and the New York Stock
                           Exchange between August 21, 2003 and September 22,
                           2003.








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