News

PPR scotches Gucci buyout rumours

25/06/2001

Pinault-Printemps-Redoute, the French luxury goods producer involved in a bitter dispute with LVMH (Möet Hennessy Louis Vuitton) over its 40 per cent stake in Gucci, issued a statement last week saying that it had no intention of buying the remaining stake in the French fashion house.

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