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PPR
Type Public (Euronext: PP)
Founded 1963
Founder(s) François Pinault
Headquarters Paris, France
Key people François-Henri Pinault (Chairman of the board and CEO)
Products Luxury and sporting goods, mail order, vehicle distribution, store retail
Revenue 20.20 billion (2008)[1]
Operating income €1.360 billion (2008)[1]
Profit €537.4 million (2008)[1]
Employees 76,930 (2008)[1]
Subsidiaries CFAO, Conforama, fnac, Gucci Group, Puma (majority stake), Redcats
Website www.ppr.com

PPR is a French multinational holding company specializing in retail shops and luxury brands. The company was founded in 1963 by the billionaire businessman François Pinault and is now run by his son François-Henri Pinault. It is quoted on Euronext Paris and is a constituent of the CAC 40 index. It was originally called Pinault-Printemps-Redoute, but changed its name on 18 May 2005 to simply PPR. On June 20, 2006, PPR announced that it had entered into exclusive negotiations pertaining to the sale of France Printemps after receiving a joint offer from RREEF and Borletti Group for €1.075 billion.

Contents

Financial data

Financial Data in euro millions
Year 2002 2003 2004 2005 2006
Sales 24 360 27 354 24 213 17 766 17 931
EBITDA 2 282 1 753 1 939 1 478 1 540
Net Result share of the group 1 589 644 940 535 680
Net Debt 3 304 5 032 4 561 4 584 3 461
Source :'OpesC'

Subsidiaries

As of 2008 PPR's main subsidiaries include:

On February 25, 2009 Gucci announced a definitive agreement for the sale of Bédat & Co to Luxury Concepts Watches & Jewellery Sdn Bhd, the Malaysia-based brand management company, in partnership with Viviane Fankhauser, current acting-CEO of Bédat & Co[2]

Former subsidiaries

  • Rexel - electrical supplies
  • Guilbert - office supplies and furniture
  • Printemps - department stores chain
  • Pinault
  • Kadeos
  • Bédat & Co

Competitors

PPR's chief competitors in luxury goods conglomerates are LVMH and Richemont.

References

  1. ^ a b c d "Annual Report 2008". PPR. http://www.ppr.com/DataUploadFiles/publications/7003/DocFi08AN.pdf. Retrieved 2009-04-14.  
  2. ^ http://www.ppr.com/DataUploadFiles/publications/8671/Bedat%20&%20Co%20press%20release%2025%2002%2009.pdf

External links

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