Managers at Kering's loss-making La Redoute mail order unit have made a joint offer to take over the business from Kering, Challenges magazine reported on Monday. La Redoute is part of Kering's mail order business Red...
French luxury and sports brand PPR is in exclusive talks to sell Ellos, the Scandinavian unit of its Redcats business, to Nordic Capital for an enterprise value of 300 million euros, French daily Les Echos said.
French luxury and sports brand group PPR posted an annual operating profit slightly above expectations as the resilient growth of its fashion labels helped make up for lower profitability at its Puma sports brand.
French luxury group PPR is to expand the Christopher Kane fashion brand's presence in Asia, open boutiques and grow its accessories business after acquiring a 51 percent stake in the British designer's label.
The Redcats mail order unit of French retail and luxury group PPR is in late-stage talks to sell its plus-size fashion business to Boston-based private equity firm Charlesbank, according to four sources.