French luxury goods group PPR is reportedly in late-stage talks to sell Redcats' plus-size fashion business to private equity firm Charlesbank.

The deal to sell OneStopPlus is expected to range from US$400m to $500m, according to Reuters. However, PPR and Charlesbank declined to comment on the situation when contacted by just-style today (29 November). 

Last month, PPR reported "satisfactory" third-quarter sales growth, which was boosted by rising revenue at its luxury brands.