







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

                                  SCHEDULE 13D
                               (Amendment No. 20)

                    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)
                                November 4, 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

<PAGE>

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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                        67,570,154 (See Item 5)
      SHARES
      BENEFICIALLY             -------------------------------------------------
      OWNED BY                 8      SHARED VOTING POWER
      EACH                            -0-
      REPORTING
      PERSON                   -------------------------------------------------
      WITH                     9      SOLE DISPOSITIVE POWER
                                      67,570,154 (See Item 5)

                               -------------------------------------------------
                               10     SHARED DISPOSITIVE POWER
                                       -0-
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11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
67,570,154  (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)
67.73% (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 6 Pages

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     This Amendment No. 20 ("Amendment No. 20") 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, Amendment No. 17 filed on August 21, 2003, Amendment No. 18 filed on
September 23, 2003, and Amendment No. 19 filed on October 6, 2003 (collectively,
the "Schedule 13D").  PPR is filing this Amendment No. 20 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. 20 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. 20 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 89,374 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 89,374 Common Shares in transactions effected on the Amsterdam Stock
Exchange between October 6, 2003 and October 17, 2003. The August 2003 Purchase
Plan terminated by its terms on October 17, 2003.

                  As a result of these purchases and when combined with the
Common Shares previously owned, PPR may be deemed to beneficially own
67,570,154 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 67.73% of the outstanding Common Shares.

                  On November 4, 2003, PPR and the Company issued a press
release announcing that the Company's employment contracts with Domenico De
Sole, President and Chief Executive Officer of the Company and Tom Ford,
creative director of the Company, will not be extended beyond April 30, 2004.
PPR and the Company also announced that the supervisory board of the Company has

                               Page 3 of 6 Pages

<PAGE>

established a committee chaired by Serge Weinberg, Chairman of the management
board of PPR, and including Adrian Bellamy, Chairman of the supervisory board of
the Company, and Francois-Henri Pinault, Chairman of Artemis, to select
successors to Messrs. De Sole and Ford.  A copy of the press release issued by
PPR and the Company on November 4, 2003 is filed as Exhibit 42 to the Schedule
13D.  The foregoing description of the press release is qualified in its
entirety by reference to Exhibit 42.

Item 5.           INTEREST IN SECURITIES OF THE ISSUER.

                  Item 5 is hereby amended and supplemented as follows:

                  Scholefield acquired under the August 2003 Purchase Plan an
additional 89,374 Common Shares in transactions effected on the Amsterdam Stock
Exchange between October 6, 2003 and October 17, 2003.

                  As a result of these purchases and when combined with the
Common Shares previously owned, PPR may be deemed to beneficially own 67,570,154
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 67.73%
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 41 -           Common Share Purchases by Scholefield Goodman BV on
                       the Amsterdam Stock Exchange between October 6, 2003
                       and October 17, 2003.

Exhibit 42 -           Press release issued by PPR and the Company on
                       November 4, 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



November 4, 2003








                               Page 5 of 6 Pages

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                                  EXHIBIT INDEX

     EXHIBIT                              DESCRIPTION

Exhibit 41 -               Common Share Purchases by Scholefield Goodman BV on
                           the Amsterdam Stock Exchange between October 6, 2003
                           and October 17, 2003.

Exhibit 42 -               Press release issued by PPR and the Company on
                           November 4, 2003







                               Page 6 of 6 Pages


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