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Design

Kering finalizes sale of Le Redoute and Relais Colis in MBO

Luxury conglomerate Kering has announced the closure of the sale mailorder catalog La Redoute and delivery network Relais Colis, to Nathalia Balla, chairman and CEO of La Redoute and Eric Courteille, chief administrative officer of Redcats. Last December, François-Henri Pinault, Chairman and CEO at Kering revealed that the company had decided to...

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Design

Kering stands to sell La Redoute and Relais Colis in MBO

Kering's board members met on Wednesday to discuss the four offers the group has received for the purchase of mail order catalog Le Redoute and delivery network Realais Colis. They decided to go ahead and enter exclusive negotiations for a management buy out with Nathalie Balla, who is the current chairman and CEO of Le Redoute, and Eric...

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