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Examples
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The company seeks to gradually shed its retail assets — the electronics retailer Fnac, discount furniture chain Conforama and Redcats.
PPR Sales Rise 13% Mimosa Spencer 2010
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The above is created for their client Conforama which is a furnishing company in France.
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Over the past few years, it has sold its Printemps department stores and Conforama furniture chain and bought Puma and youth sports apparel brand Volcom.
PPR Sales Driven by High-End Christina Passariello 2011
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Sales for the first quarter were €3.71 billion, up from €3.4 billion a year earlier, a company-provided figure that strips out the contribution of the discount furniture chain Conforama, which was sold last year.
Luxury Boosts PPR Sales Mimosa Spencer 2011
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PPR has sold off retail networks such as the Conforama furniture stores to invest in profitable brands.
PPR Buys Volcom Fashions Christina Passariello 2011
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Including Conforama sales in last year's first-quarter performance, sales dropped 10% from €4.13 billion a year earlier, according to a Dow Jones Newswires calculation.
Luxury Boosts PPR Sales Mimosa Spencer 2011
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PPR, whose collection of luxury brands is called Gucci Group, plans to gradually sell off its retail assets, including the electronics chain Fnac and furniture retailer Conforama to fund the acquisitions of new mass market and luxury brands.
Business Watch 2010
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The company expects to complete the sale of its Conforama retail chain in the first quarter of this year.
Gucci Group CEO Exits Christina Binkley 2011
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In addition to Conforama, PPR has sold businesses such as the Printemps department store chain and spun off CFAO, a profitable African distribution company, netting the company billions of euros.
PPR Buys Volcom Fashions Christina Passariello 2011
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Mr. Palus Wednesday said that potential acquirers of the retail assets, which include the Fnac book and CD chain, the Conforama furniture chain and Redcats, currently face difficulty obtaining financing from banks.
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