91 067
Fashion Jobs
NEW BALANCE
Product Owner – Retail Merchant Systems
Permanent · LAWRENCE
TREK
Service Manager
Permanent · ISSAQUAH
SACK OFF 5TH
Asset Protection Investigator
Permanent · FARMINGTON HILLS
BULGARI
Sales Administrator, Neiman Marcus
Permanent · LOS ANGELES
LULULEMON
Community Specialist | Disney Springs (10-Months Contract)
Permanent · ORLANDO
LULULEMON
Expeditor | Orange County CA | Outlets of San Clemente
Permanent · SAN CLEMENTE
LULULEMON
Community Specialist | Add Store Name Here
Permanent · CARLSBAD
LULULEMON
Visual Merchandising Specialist | Georgetown
Permanent · WASHINGTON
FABLETICS
Marketing Manager
Permanent · EL SEGUNDO
UNDER ARMOUR
Stock Keyholder, FT
Permanent · AUBURN HILLS
HENKEL
Associate Brand Manager, Hair Innovation
Permanent · STAMFORD
HENKEL
Warehouse Machine Operator / Atl - Palletizer - d Shift
Permanent · BOWLING GREEN
HENKEL
Director, Key Accounts Beauty Professional
Permanent · CULVER CITY
HENKEL
Quality Engineer
Permanent · CLEVELAND
THE REALREAL
Planner, Merchandise Planning Strategy - sf OR Nyc
Permanent · SAN FRANCISCO
THE REALREAL
Asset Protection Specialist
Permanent · PHOENIX
AMRG
Sales Supervisor - Full Time
Permanent · CABAZON
AMRG
Sales Supervisor - Full Time
Permanent · TULALIP BAY
AMRG
Sales Supervisor - Part Time
Permanent · TULALIP BAY
BATH & BODY WORKS
Asset Protection – Safe And Secure Ambassador – Dolphin Mall #2
Permanent · MIAMI
BATH & BODY WORKS
Asset Protection - Safe And Secure Ambassador - Pembroke Commons
Permanent · PEMBROKE PINES
BATH & BODY WORKS
Asset Protection – Safe And Secure Ambassador – Palm Springs Mile
Permanent · HIALEAH
Published
May 26, 2011
Download
Download the article
Print
Text size

PPR hires Rothschild & Cie to help with sale of Redcats?

Published
May 26, 2011

According to financial new agency Bloomberg, PPR has apparently hired investment bank Rothschild & Cie to prepare the sale of its home-shopping subsidiary Redcats. Bloomberg explains that the transfer could take place in the second half of 2011 and that the company’s value could reach of 1.35 billion euros ($1.9 billion). PPR, on the other hand, refused to comment on the matter.

PPR, Redcats
Redcats could be sold in just a few months

In 2010, Redcats reported a total sales turnover of 3.43 billion euros, up 1.5% from 2009. Its current operating income also progressed from 100 million euros in 2009 to 165 million last year. Redcats’ presence is made up of several subsidiaries spread across 31 countries and claims to be among the top three online clothing retailers in the world. In fact, that is where 54% of its revenue comes from.

We know that PPR has plans to become more focused and thus to transfer its remaining non-strategic subsidiaries, meaning the ones that do not belong either to its luxury division, containing Gucci group, nor its sports and lifestyle unit, which includes Puma. That was the fate met by Conforama, which PPR sold some months ago. Now, Redcats and Fnac are next on the list.

Copyright © 2024 FashionNetwork.com All rights reserved.