Tuesday, February 5, 2013
Closing of the sale of OneStopPlus Group, the plus-size business of Redcats USA
PPR announces that Redcats has closed the sale of the OneStopPlus Group to Charlesbank Capital Partners and Webster Capital, two private equity firms. The purchase price was paid in accordance with the terms of the definitive sale agreement previously announced on 5 December 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).Find out more on Gucci, Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane Stella McCartney, Sergio Rossi, Boucheron, Girard-Perregaux, JeanRichard, Qeelin, Puma, Volcom, Cobra, Electric, Tretorn and Fnac at www.ppr.com.