Henri Pinault

PARIS Oct 7 – French luxury group PPR is preparing to sell its book and CD retailer Fnac and online fashion store La Redoute, Le Journal du Dimanche wrote on Sunday, as part of a strategy to concentrate on luxury and sports brands. François Pinault The paper cited several unnamed sources saying the board of the company headed by Chief Executive Francois-Henri Pinault would meet this week to approve the plan.A PPR spokesman declined to comment on the report.The company wants to exit its...Read Full Story

Valerio Mezzanotti for The New York Times. A look from spring 2013, Nicolas Ghesquière’s last collection for Balenciaga. In a surprise move, Nicolas Ghesquière is parting ways with Balenciaga, the Paris house he transformed into a modern luxury brand with a following for its clothing and accessories. A company announcement Monday morning said the decision for him to leave Balenciaga after 15 years as creative director was made jointly by Mr. Ghesquière and PPR, which owns the label. A...Read Full Story

The owner of Gucci, Bottega Veneta, and Yves St. Laurent – France’s PPR – is looking to expand by adding a Chinese luxury company to its ranks. CEO Francois-Henri Pinault believe that young demographics in emerging markets provides strong growth prospects for branded goods. While PPR is still hush on just what brand interests them, it will likely be a brand that matches the company’s growth pattern. Recently, PPR has been focusing solely on luxury goods and high-end sports apparel. It is also...Read Full Story

The Hong Kong Economic Times has quoted François-Henri Pinault as saying that PPR is in negotiations to buy a Chinese luxury company. He declined however to give the name of the company in question and hinted that negotiations could come to a close by the end of the year. François-Henri PinaultThe way in which the news was announced is just as interesting as the news itself. The French group invited six Chinese journalists, including three from Hong Kong, to the most recent Milan fashion week...Read Full Story

The Hong Kong Economic Times has quoted François-Henri Pinault as saying that PPR is in negotiations to buy a Chinese luxury company. He declined however to give the name of the company in question and hinted that negotiations could come to a close by the end of the year. François-Henri PinaultThe way in which the news was announced is just as interesting as the news itself. The French group invited six Chinese journalists, including three from Hong Kong, to the most recent Milan fashion week...Read Full Story