Closing of the sale of the Sports & Leisure activities of Redcats USA
PPR announces that Redcats has transferred the shares of The Sportsman’s Guide and The Golf Warehouse to Northern Tool + Equipment (NTE). The payment of the transaction was received under the terms announced on 8 November 2012.
The PPR Group empowers a coherent ensemble of Luxury and Sport & Lifestyle premium brands, specializing in apparel and accessories, to reach their full growth potential. Distributed in more than 120 countries, PPR generated revenues of €12.2 billion in 2011 and had over 47,000 employees at year end. The PPR share is listed on Euronext Paris (FR 0000121485, PRTP.PA, PPFP).
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