French retail group Pinault-Printemps-Redoute (PPR) has pledged to give luxury house Gucci Group autonomy in running its business following its proposed buyout of the company.
In a letter to Gucci Group employees dated Wednesday, PPR chairman Serge Weinberg promised that the retail group would respect Gucci's operational freedom.

"Whatever the result of the bid we have launched for Gucci Group shares still in circulation, the group will function on the basis of two operating principles: autonomy and responsibility," Weinberg said in the letter.

"(New Gucci CEO) Robert (Polet) will work in close cooperation with the directors of each of the brands and all the talented designers that the group has gathered to develop it further and take it ahead."

In a separate letter to Gucci staff, Polet said that he favoured delegating responsibility to Gucci's teams.

Autonomy is a sensitive issue at Gucci, with former design chief Tom Ford and former CEO Domenico De Sole having fought to retain their independence and report only to a separate Gucci board.