FRANCE: PPR sells 51% of Printemps stake to Borletti
Luxury firm PPR has transferred 51% of the share capital of Printemps to Borletti Group and RREEF Global Opportunities Fund.
The transfer of the department store business was recently given the go-ahead from the EU authorities.
The remainder of PPR's stake is scheduled to be sold in the first half of 2007.
Help test our new apparel sourcing tool.
The global sportswear market is poised for a shake-up if the proposed acquisition of Puma, the world's third-largest sportswear brand, by French luxury fashion retailer PPR goes ahead. The question fo...
Luxury fashion group PPR, which this month set out to buy German sportswear brand Puma, has reported a 5.6% rise in first quarter sales helped by strong growth in its Gucci brand....
German sportswear maker Puma could reportedly attract rival bidders by welcoming the EUR5.3bn (US$7.12bn) offer put on the menu by French luxury goods group PPR....
Luxury goods retailer PPR has acquired a controlling stake in Puma and announced the launch of a friendly takeover offer for the sportswear group....
PPR SA, which manufactures Gucci handbags, has posted a 20% revenue increase to EUR17.9bn (US$23.5bn) for the 2006 annual year, which was described by the company as "very satisfying"....
Luxury firm PPR has reported a 5.9% sales increase for 2006 thanks to good demand within the Gucci Group business....
Laurence Danon, the president and CEO of Printemps, is to quit her post at the end of the month, according to staff union sources....
German retail giant KarstadtQuelle could raise EUR250-350m (US$331-463m) by floating its loss-making mail-catalogue unit Neckermann in the middle of 2007, an analyst in Germany told just-style on Thur...
- What TTIP might mean for US, EU textiles & apparel
- Unlocks for the future fashion sourcing landscape
- EU eyes mandatory due diligence for apparel supply
- Four steps to reduce product defects
- Geo-political uncertainty and how to survive it
- US Q4 in brief – Finish Line, Oxford Industries
- H&M, VF Corp and Levi among most ethical companies
- Sears has "substantial doubt" of future
- Vietnam limits hazardous chemicals in apparel
- Walmart snaps up online fashion firm ModCloth
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective