Kering

File:Pinault-Printemps-Redoutelogo.jpg

PPR's logo

PPR is a French multinational holding company specializing in retail shops and luxury brands. The company was created by the billionaire businessman François Pinault and is now run by his son François-Henri Pinault. It is quoted on Euronext Paris and is a constituent of the CAC 40 index. It was originally called Pinault-Printemps-Redoute, but changed its name on 18 May 2005 to simply PPR. On June 20, 2006, PPR announced that it had entered into exclusive negotiations pertaining to the sale of France Printemps after receiving a joint offer from RREEF and Borletti Group for €1.075 billion.

Financial Data

Financial Data in euro millions

Year	2002	2003	2004	2005	2006
Sales	24 360	27 354	24 213	17 766	17 931
Ebitda	2 282	1 753	1 939	1 478	1 540
Net Result share of the group	1 589	644	940	535	680
Net Debt	3 304	5 032	4 561	4 584	3 461

Source :'OpesC'

Subsidiaries

As of 2005 PPR's main subsidiaries include:

• Gucci which also owns the luxury brands Yves Saint Laurent, Sergio Rossi, Boucheron, Bottega Veneta, Bédat & Co, Alexander McQueen, Stella McCartney, Balenciaga
• Redcats - mail order retailer which operates La Redoute, Ellos, Empire, Redcats USA, Cyrillus, Vertbaudet, Somewhere, Daxon, Edmée, Celaia, La Maison de Valérie, Josefssons
• RedcatsUSA - mail order retailer which operates La Redoute, metrostyle, Chadwick's of Boston, Jessica London, Brylane Home, Woman Within, OneStopPlus.com, Roaman's, Kingsize Direct, The Sportsmans'Guide, The Golf Warehouse
• fnac - book and CD retailer in France, Switzerland, Belgium, Spain, Portugal, Italy and Brazil.
• Conforama - household furnishing retailer
• CFAO - distributor of cars and pharmaceuticals in Africa and the DOM-TOM
• Puma is about to become for more than € 5 billion of investment another PPR property

Former subsidiaries

• Rexel - office supplies
• Guilbert - office supplies and furniture
• Printemps - department stores chain
• Pinault
• Kadeos

shame on you 法国老～

Competitors

PPR's chief competitors in luxury goods conglomerates are LVMH and Richemont.

External links

• PPR corporate website