Finance
Monday, June 16, 2008

European Commission approves acquisition of Yves Saint Laurent Beauté by L'Oréal

The European Commission has just authorised the sale by PPR of YSL Beauté to L'Oréal,
in line with the agreements finalised by the two groups on April 30th 2008.

About PPR

PPR develops a portfolio of high-growth global brands. Through its Consumer and Luxury brands, PPR generated sales of EUR 19.8 billion in 2007. The Group is present in 90 countries with approximately 93,000 employees. PPR shares are listed on Euronext Paris (# 121485, PRTP.PA, PPFP).

To explore the universe of PPR brands go to www.ppr.com: Fnac, Redcats Group (La Redoute, Vertbaudet, Somewhere, Cyrillus, Daxon, Ellos, The Sportsman’s Guide, The Golf Warehouse and brands of the plus-size division), Conforama, CFAO, Puma and the Luxury brands of Gucci Group (Gucci, Bottega Veneta, Yves Saint Laurent, YSL Beauté, Balenciaga, Boucheron, Sergio Rossi, Alexander McQueen and Stella McCartney).

Contacts

Press:

Charlotte Judet

 

+33 (0)1 45 64 65 06

 

cjudet@ppr.com

 

Analysts/Investors:

Alexandre de Brettes

 

 

Emmanuelle Marque

+33 (0)1 45 64 61 49

 

 

+33 (0)1 45 64 63 28

adebrettes@ppr.com

 

 

emarque@ppr.com

Website:

 

www.ppr.com