The retail activities account for almost half the 20 billion turnover group
Pinault is shifting to the luxury
The French group PPR (Pinault-Printemps-Redoute), which is working to sell its retail business wants to focus on trade in branded goods and luxury. This announcement was made by Francois Pinault in the Wall Street Journal.
This shift is historic, PPR is supported for years on distribution ルイ・ヴィトン モノグラム・イディール. The group holds particular bookstore chain and hi-fi equipment and electronic Fnac and Conforama furniture stores.
The IPO of its distribution activities by African PPR announced Monday is only the first step in the transformation of the group. Francois Pinault is not fixed due to the reorientation of the group, but said that if it goes fast, so much the better.
Analysts said the group’s retail activities could yield nearly 4 billion euros. The market value of the group as a whole is valued at 10.5 billion. The retail activities account for almost half the 20 billion turnover group.
Pinault, ガガミラノ Slim 46MM father and son have grown in recent years a second pillar in the group with luxury brands like Gucci and Yves Saint Laurent and international brands such as Puma.
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