RedCats news and archive

Redcats sells Ellos and Jotex to Nordic Capital

Luxury group PPR has announced that its Redcats unit had agreed to sell its Scandinavian brands Ellos and Jotex to Nordic Capital for an enterprise value of 275 million euro. PPR advanced that the transaction will be completed in the coming months. Redcats, the mail order unit belonging to PPR will finish the sale of home shopping brand Ellos...

Design

Equity firms finalize OneStopPlus Group´s acquisition

Charlesbank Capital Partners and Webster Capital announced Tuesday the finalization of the acquisition of OneStopPlus Group ("OSP"), a transaction first announced in December. The NYC-based catalog retailer was a subsidiary of Redcats, owned by French luxury goods giant PPR. Charlesbank partnered with Webster Capital on the transaction, which...

Fashion

PPR to wave bye to La Redoute and Fnac

The French luxury conglomerate PPR is ready to sell two of its businesses – catalogue fashion store La Redoute and FNAC – as per focus on its luxury goods divisions, according to the French ‘Le Journal du Dimanche’. In the same line, ‘Le Figaro’ talked about PPR’s plans to sell both La Redoute and FNAC to focus on its high-end brands, which...

Design

PPR nails sale of Redcats

French luxury group PPR is finishing the sale of its Redcats USA business, which owns catalogs and the website OneStopPlus, the ‘New York Post’ reported Monday. According to the journal – which quotes sources familiar with the matter, private-equity firms like TPG, Leonard Green, Berkshire Partners and CCMP are potential bidders, sources said....

Fashion

Redcats completes sell

International home shopping company Redcats, announced wholly owned subsidiary Redcats USA completed the sell of its missy division including Chadwick, metrostyle and Closeout Catalog Outlet. The missy apparel brands were sold to a US private equity fund. The home shopping company was already looking to sell the missy apparel business earlier...