Tuesday, June 3, 2014
Closure of the sale of La Redoute and Relais Colis
Kering announces that it has closed the sale of La Redoute and Relais Colis, to Nathalie Balla, current chairman and CEO of La Redoute, and Eric Courteille, chief administrative officer of Redcats, in accordance with the conditions specified in the sale’s agreement. Kering wishes to underline that it fulfilled all the commitments made within the framework of the disposal process.
A world leader in apparel and accessories, Kering develops an ensemble of powerful Luxury and Sport & Lifestyle brands: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Sergio Rossi, Boucheron, Dodo, Girard-Perregaux, JeanRichard, Pomellato, Qeelin, Puma, Volcom, Cobra, Electric and Tretorn. By ‘empowering imagination’ in the fullest sense, Kering encourages its brands to reach their potential, in the most sustainable manner.
Present in more than 120 countries, the Group generated revenues of €9.7 billion in 2013 and had 31,000 employees. The Kering (previously PPR) share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).
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Website : www.kering.com