PPR focuses on luxury
Europe's largest non-food retailer, Pinault Printemps Redoute, announced yesterday that it had sold its 73.5% stake in Rexel electrical equipment. The group made the move in order to focus completely on the luxury goods market. The sale of Rexel sees PPR's net debt decline by approximately GBP3.5 billion, making this the largest European private...
loading...
