PPR tightens grip on Gucci
15/10/2001
Pinault-Printemps-Redoute (PPR) has hinted it could increase its stake in Italian leather goods group Gucci to 70 per cent by 2004. The French retailer bought a 42% stake in the company in 1999 in a manoeuvre to avoid the Italian fashion house falling into the hands of rival Möet Henessy Louis Vuitton (LVMH).
Share this story:
