USA: Gucci And PPR Fail To Agree Terms Of PPR Bid

Negotiations between the two largest shareholders in Gucci, the luxury goods group, have ground to a halt. The two sides in the dispute - LVMH Moet Hennessy Louis Vuitton SA and Pinault-Printemps-Redoute SA - have both issued conflicting statements indicating just how bad relations between the two companies have become.

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