PPR (company)

Infobox Company
company_name = PPR
foundation = 1963
founder = François Pinault
company_
company_type = Public (Euronext|PP)
location_city = Paris, France
key_people = François-Henri Pinault (Chairman of the board and CEO)
products = Luxury and sporting goods, mail order, vehicle distribution, store retail
revenue = €19.760 billion (2007)cite web |url=http://www.ppr.com/DataUploadFiles/ppr_doc_ref_2007_ang/pdf/ppr_doc_ref_2007_ang.pdf |title=Annual Report 2007 |accessdate=2008-08-19 |publisher=PPR]
operating_income = profit €1.696 billion (2007)
net_income = profit €1.058 million (2007)
num_employees = 19,370 (2007)
subsid = CFAO, Conforama, fnac, Gucci Group, Puma (majority stake), Redcats
homepage = [http://www.ppr.com/ www.ppr.com]
intl = yes

PPR is a French multinational holding company specializing in retail shops and luxury brands. The company was founded in 1963 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

::::::"Source :' [http://www.opesc.org/fiche-societe/fiche-societe.php?entreprise=PPR05 OpesC] '

ubsidiaries

As of 2008 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 and store retailer which operates La Redoute, Jessica London, Brylane Home, Woman Within, OneStopPlus.com, Roaman's, Kingsize Direct, The Sportsmans'Guide, The Golf Warehouse, Bargain Catalog Outlet, Avenue
*fnac - book and CD retailer in France, Switzerland, Belgium, Greece, Spain, Portugal, Italy and Brazil.
*Conforama - household furnishing retailer
*CFAO - distributor of cars and pharmaceuticals in Africa and the DOM-TOM
*Puma has about 62% of its stock owned by the PPR group.

Former subsidiaries

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

Competitors

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

References

External links

* [http://www.ppr.com/ PPR corporate website]