Having put retail and mail order divisions
Redcats, Fnac, and
Conforma on the market in November, PPR chief
executive Fran�ois-Henri Pinault now says it could take up to
three years to sell them. According to Reuters, PPR is focused on growing its luxury
portfolio which includes the Gucci and Yves Saint Laurent fashion
brands. However, Pinault says the group will only embark on the
acquisition trail once the other businesses have been divested.
As part of its planned international expansion, Germany-based
online private shopping club, Brands4friends.de,
has gained a foothold in the UK following a “significant
investment” in London-based rival
Secretsales.com.
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