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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.
[edit] 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 |
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- Source :'OpesC'
[edit] Subsidiaries
As of 2008 PPR's main subsidiaries include:
- Gucci which also owns the luxury brands Yves Saint Laurent, Sergio Rossi, Boucheron, Bottega Veneta, Alexander McQueen (50%), Stella McCartney (50%), Balenciaga
- Redcats - mail order retailer which operates La Redoute, Ellos, Empire, Redcats USA, Cyrillus, Vertbaudet, Somewhere, Daxon, Edmée, Celaia, La Maison de Valérie, Josefssons
- RedcatsUSA - mail order and store retailer which operates La Redoute, Jessica London, Brylane Home, Woman Within, OneStopPlus.com, Roaman's, Kingsize Direct, The Sportsmans'Guide, The Golf Warehouse, Bargain Catalog Outlet, Avenue
- fnac - book and CD retailer in France, Switzerland, Belgium, Greece, Spain, Portugal, Italy and Brazil.
- Conforama - household furnishing retailer
- CFAO - distributor of cars and pharmaceuticals in Africa and the DOM-TOM
- Puma has about 65% of its stock owned by the PPR group.
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]
[edit] Former subsidiaries
- Rexel - electrical supplies
- Guilbert - office supplies and furniture
- Printemps - department stores chain
- Pinault
- Kadeos
- Bédat & Co
[edit] Competitors
PPR's chief competitors in luxury goods conglomerates are LVMH and Richemont.
[edit] References
- ^ a b c d "Annual Report 2008". PPR. http://www.ppr.com/DataUploadFiles/publications/7003/DocFi08AN.pdf. Retrieved on 2009-04-14.
- ^ http://www.ppr.com/DataUploadFiles/publications/8671/Bedat%20&%20Co%20press%20release%2025%2002%2009.pdf
[edit] External links
PPR Group
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