Tuesday, March 31, 2009
Exclusive negociations for an anticipated sale of Surcouf
PPR announces entering into exclusive negotiations for the sale of Surcouf to Mr. Hugues Mulliez, founder of Youg's, a retailer of IT products and services. The anticipated sale will be subject to consultation with personnel representative bodies and submitted to the approval of competition authorities.
Youg’s is a retailer specialized in the distribution of IT and digital products with 3 stores within the North of France and the South of Paris, with approximately 100 employees.
PPR develops a portfolio of high-growth global brands. Through its Consumer and Luxury brands, PPR generated sales of €20.2 billion in 2008. The Group is present in 94 countries and territories with approximately 88,000 employees. PPR shares are listed on Euronext Paris (FR 0000121485, 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, Balenciaga, Boucheron, Sergio Rossi, Alexander McQueen and Stella McCartney).
Charlotte Judet + 33 (0) 1 45 64 65 06 email@example.com
Alexandre de Brettes + 33 (0) 1 45 64 61 49 firstname.lastname@example.org
Emmanuelle Marque + 33 (0) 1 45 64 63 28 email@example.com
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