<SUBMISSION>
<ACCESSION-NUMBER>0000898822-03-001080
<TYPE>SC 13D/A
<PUBLIC-DOCUMENT-COUNT>3
<FILING-DATE>20031104
<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>03976553
</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>november4sched13da20.txt
<DESCRIPTION>SCHEDULE 13D/A - NOVEMBER 4, 2003
<TEXT>








                                  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.
--------------------------------------------------------------------------------
                                (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)
                                November 4, 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 6 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                        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-
--------------------------------------------------------------------------------
11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
67,570,154  (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)
67.73% (based upon outstanding shares) (See Item 5)

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

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

                               Page 2 of 6 Pages

<PAGE>


     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

<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



November 4, 2003








                               Page 5 of 6 Pages

<PAGE>



                                  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


<PAGE>





</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>november4ex41.txt
<DESCRIPTION>EXHIBIT 99.41
<TEXT>
                                                                      EXHIBIT 41

                COMMON SHARE PURCHASES BY SCHOLEFIELD GOODMAN BV
                     ON THE AMSTERDAM STOCK EXCHANGE BETWEEN
                      OCTOBER 6, 2003 AND OCTOBER 17, 2003

               (all amounts other than number of shares in Euros)

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

October 6, 2003            2,000                 72.20               144,400.00
October 6, 2003            1,000                 72.25                72,250.00
October 6, 2003            1,000                 72.30                72,300.00
October 6, 2003              500                 72.35                36,175.00
October 6, 2003              500                 72.45                36,225.00
October 6, 2003            2,000                 72.50               145,000.00
October 7, 2003            1,000                 71.40                71,400.00
October 7, 2003            2,000                 71.50               143,000.00
October 7, 2003            1,000                 71.55                71,550.00
October 7, 2003            1,500                 71.60               107,400.00
October 7, 2003            3,000                 71.65               214,950.00
October 7, 2003            1,000                 71.80                71,800.00
October 8, 2003              500                 71.25                35,625.00
October 8, 2003            1,500                 71.30               106,950.00
October 8, 2003            1,000                 71.35                71,350.00
October 8, 2003            1,000                 71.40                71,400.00
October 8, 2003            2,000                 71.45               142,900.00
October 8, 2003              209                 71.50                14,943.50
October 8, 2003            1,000                 71.55                71,550.00
October 8, 2003              366                 71.65                26,223.90

                                      -1-

<PAGE>

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

October 8, 2003            2,425                 71.75               173,993.75
October 9, 2003              141                 71.00                10,011.00
October 9, 2003              234                 71.05                16,625.70
October 9, 2003              500                 71.20                35,600.00
October 9, 2003              125                 71.25                 8,906.25
October 9, 2003              766                 71.60                54,845.60
October 9, 2003              354                 71.65                25,364.10
October 9, 2003              848                 71.70                60,801.60
October 9, 2003            1,000                 71.75                71,750.00
October 9, 2003              386                 71.80                27,714.80
October 9, 2003            1,000                 71.90                71,900.00
October 10, 2003             500                 71.15                35,575.00
October 10, 2003           1,000                 71.30                71,300.00
October 10, 2003             667                 71.40                47,623.80
October 10, 2003           3,833                 71.50               274,059.50
October 10, 2003           1,000                 71.60                71,600.00
October 10, 2003           1,000                 71.65                71,650.00
October 10, 2003           1,000                 71.75                71,750.00
October 10, 2003           1,000                 71.90                71,900.00
October 13, 2003             886                 71.60                63,437.60
October 13, 2003             249                 71.65                17,840.85
October 13, 2003           1,000                 71.80                71,800.00
October 13, 2003             114                 71.95                 8,202.30
October 13, 2003           1,150                 72.00                82,800.00

                                      -2-

<PAGE>

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

October 13, 2003           1,351                 72.05                97,339.55
October 13, 2003           1,850                 72.10               133,385.00
October 13, 2003           2,649                 72.15               191,125.35
October 13, 2003             751                 72.20                54,222.20
October 14, 2003           1,020                 72.10                73,542.00
October 14, 2003           1,500                 72.15               108,225.00
October 14, 2003           1,372                 72.30                99,195.60
October 14, 2003           1,628                 72.35               117,785.80
October 14, 2003           2,000                 72.45               144,900.00
October 15, 2003              58                 72.30                 4,193.40
October 15, 2003           1,000                 72.35                72,350.00
October 15, 2003           2,010                 72.40               145,524.00
October 15, 2003             727                 72.45                52,671.15
October 15, 2003           4,215                 72.50               305,587.50
October 15, 2003             853                 72.70                62,013.10
October 15, 2003           1,137                 72.80                82,773.60
October 16, 2003           2,000                 72.75               145,500.00
October 16, 2003           2,000                 72.80               145,600.00
October 16, 2003           1,000                 72.90                72,900.00
October 16, 2003           2,000                 72.95               145,900.00
October 16, 2003           1,000                 73.00                73,000.00
October 16, 2003           2,000                 73.10               146,200.00
October 17, 2003           1,000                 73.85                73,850.00
October 17, 2003             500                 73.90                36,950.00

                                      -3-

<PAGE>

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

October 17, 2003           1,000                 74.15                74,150.00
October 17, 2003           1,000                 74.35                74,350.00
October 17, 2003           1,000                 74.45                74,450.00
October 17, 2003             500                 74.50                37,250.00
October 17, 2003           1,000                 74.65                74,650.00
October 17, 2003           1,000                 74.75                74,750.00
October 17, 2003           1,000                 74.90                74,900.00
October 17, 2003           1,000                 75.00                75,000.00
October 17, 2003           1,000                 75.10                75,100.00
                           -----                                     -----------

TOTAL                      89,374                                  6,463,777.50









                                      -4-

<PAGE>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>november4ex42.txt
<DESCRIPTION>EXHIBIT 99.42
<TEXT>

                                                                      EXHIBIT 42


[Company Logo]                                               [PPR Logo]




                          GUCCI GROUP AND PPR ANNOUNCE
                     DE SOLE AND FORD TO STEP DOWN NEXT YEAR

Amsterdam,  The Netherlands and Paris, France,  November 4, 2003: Gucci Group
N.V. (Euronext Amsterdam: GCCI.AS; NYSE: GUC) and Pinault-Printemps-Redoute
(Euronext  Paris: PRTP.PA) today announced that Domenico De Sole, President
and Chief Executive Officer of Gucci Group and Tom Ford, Creative Director of
Gucci Group and the Gucci and Yves Saint Laurent brands, have informed the
Supervisory Board of Gucci Group that they do not intend to extend their
contracts beyond their currently scheduled expiration date in 2004.

This decision follows several months of negotiations in anticipation of the
expiration of their contracts and Pinault-Printemps-Redoute's  previously
announced tender offer for the outstanding shares of Gucci Group at a price of
$85.52 per share to be completed in April 2004.  Intensive efforts by the
parties did not result in an  agreement  satisfactory  to all concerned and,
therefore, the parties concluded that the completion of the tender offer and the
expiration of the executives' employment agreements was the appropriate time
for a change in senior management.

Domenico De Sole and Tom Ford have confirmed their commitment to remain in
their positions until April 30, 2004 in order to ensure the success of the
coming collections and a smooth transition.  The independent members of the
Supervisory Board have agreed to continue to serve on the Board until that date.
Gucci Group's  Supervisory  Board has  established a Committee  chaired by Serge
Weinberg, Chairman of the Management Board of Pinault-Printemps-Redoute, and
including Adrian Bellamy, Chairman of the Gucci Group Supervisory Board, and
Francois Henri Pinault, Chairman of Artemis, to select successors to Messrs. De
Sole and Ford.

"The members of the Supervisory Board and I owe a huge debt of gratitude to both
Domenico and Tom" said  Adrian  Bellamy.  "Naturally, we regret their decision,
but we understand their reasons.  It takes insight, discipline and exceptional
talent to compete, excel and remain at the top in this business, as is the case
with Domenico and Tom.  Domenico has managed the company with precision always
maintaining the correct balance of devotion to shareholders and colleagues
alike.  Tom's exceptional creative talent and business acumen have earned the
respect of everyone in the industry.  Theirs has been the classic partnership
in fashion: they will be sorely missed. On behalf of the entire Supervisory
Board, we wish them well."

"Gucci has been one of the great loves of my life" said  Domenico  De Sole
"and my years with the Company have  been an incredible  journey.  I would like
to thank Tom, whose creative genius has made it all possible, as well as our
extraordinary colleagues around the world.  Thanks to their skill and
dedication, we have been able to convert the small and troubled company I
joined in 1984 into a world class luxury powerhouse, and in the process to
create significant wealth for all our stakeholders.  We owe a special word of
thanks to Adrian Bellamy and the other members of the Supervisory  Board, whose
wisdom and  steadfast support have been critically important on many occasions.
I will  continue  until my departure to devote my energies to our Company, whose
prospects in our view have never been more promising.  I am confident that our
successors will build on the strong foundations that we will be leaving to
them."

<PAGE>

   [Company Logo]                                             [PPR Logo]

Page: 2

"It is with great sadness that I contemplate my future without Gucci Group"
said Tom Ford.  "For the past 13 years, this company has been my life.  I am
confident that we are leaving  behind one of the strongest teams in the industry
and I will do my best in my remaining time within the company to ensure the
future success of the Group.  I could not be more proud of our work at Gucci or
more proud of the exceptional team of colleagues that have contributed more
than just their hard work; they have given their hearts in our quest for
excellence.  I am grateful to have had the opportunity to have shared the joy of
success with such an outstanding group of individuals.  I would like to thank
Domenico for his extraordinary leadership, constant support and his friendship.
I would also like to thank the members of the Supervisory Board and the entire
staff of Gucci Group for their hard work and dedication."

Serge Weinberg declared "We greatly regret not having been able to reach
agreement with Domenico De Sole and Tom Ford.  They are great talents.  In
tandem, they did a remarkable job to turn around the Gucci brand and make Gucci
Group a worldwide reference in the luxury goods universe.  I wish to express my
warmest appreciation for the work they accomplished.  They have put in place
excellent management and design teams.  It is the strong intention of Pinault-
Printemps-Redoute to continue to develop the Gucci Group and preserve the
entrepreneurial and creative spirit that has made it great.  I will see to it
that the managers and designers within Gucci Group enjoy a large degree of
autonomy, which we consider crucial to ensure the identity and creative
expression of each brand. With its world-class brands, solid businesses,
financial strength and talented individuals, Gucci Group, with PPR's support,
will thus have all the necessary elements to continue to pursue its development
and reinforce PPR's growth, profitability and international presence."


--------------------------------------------------------------------------------
                                 CONFERENCE CALL

Pinault-Printemps-Redoute and Gucci Group will host a conference call today at
3:30 p.m. (Continental Europe)/2:30 p.m.(UK)/9:30 a.m. (EST).  The call will be
available by dialling + 44 (0)20 7019 9504 in the UK/Europe, or +1 (718)
354-1152 in North America.

To reserve a line and confirm your participation, please register at:
http://invite.taylor-rafferty.com/_ppr/4Nov

A replay of the teleconference will be available shortly after the end of the
conference call for one week at the following numbers: UK/Europe: +44 (0)20
7784 1024, North America: +1(718) 354-1112, Passcode: 711516#.
--------------------------------------------------------------------------------

Gucci Group N.V. is one of the world's leading multi-brand luxury goods
companies.  Through the Gucci, Yves Saint Laurent, Sergio Rossi, Boucheron,
Roger & Gallet, Bottega  Veneta, Bedat & Co., Alexander McQueen, Stella
McCartney and Balenciaga brands, the Group designs, produces and distributes
high-quality personal luxury goods, including ready-to-wear, handbags,
luggage, small leather goods, shoes, timepieces, jewelry, ties and scarves,
eyewear, perfume, cosmetics and skincare products.  The Group directly operates
stores in major markets throughout the world and wholesales products through
franchise stores, duty-free boutiques and leading department and specialty
stores.  The shares of Gucci Group N.V. are listed on the New York Stock
Exchange and on the Euronext Amsterdam Stock Exchange.

PPR is a leading retail group in Europe through companies such as Printemps,
Redcats, Conforama and Fnac, and a major player in the  luxury goods sector
through its 67.3% stake in Gucci Group.  PPR has a presence in over 65
countries.  In 2002, PPR generated EUR 27.4 billion in sales, EUR 1 827 million
in EBIT and EUR 1 589 million in net income.  The Group totalled over 108 000
employees in 2002. PPR is listed on the Paris stock exchange.

<PAGE>

[Company Logo]                                             [PPR Logo]

Page: 3

Under the safe harbor provisions to the U.S. Private Securities Litigation
Reform Act of 1995, Gucci Group cautions investors that any forward-looking
statements or projections made by or regarding the Gucci Group, including those
made in this press release, are subject to risks and uncertainties that may
cause actual results to differ materially from those projected or implied.
Factors that may affect the Gucci Group's operations are discussed in the
Company's Annual Report on Form 20-F for 2002, as amended, filed with the U.S.
Securities and Exchange Commission. In addition, Gucci Group has no obligation
to update any forward-looking statement.

GUCCI GROUP CONTACTS:

For business media inquiries:                        For fashion media:
Tomaso Galli                                         Lisa Schiek
Director of Corporate Communications                 Director of Communication
Gucci Group N.V.                                     Gucci Group N.V.
+39 02 8800 5555                                     +44 207 898 3000


For investors / analysts inquiries:
Cedric Magnelia / Enza Dominijanni
Directors of Investor Relations
Gucci Group N.V.
+39 055 7592 2456

For additional information please visit www.guccigroup.com


PPR CONTACTS
--------------------------------------------------------------------------------
Press:                                  Thomas Kamm           33 1 44 90 63 46
                                        Juliette Psaume       33 1 44 90 63 02

Analysts/Investors:                     David Newhouse        33 1 44 90 63 23

                                        Alexandre de Brettes  33 1 44 90 61 49

Press site:                             www.pprlive.com

Analysts/investors sites:               www.pprfinance.com















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