Managers at Kering's loss-making La Redoute mail order unit have made a joint offer to take over the business from Kering, Challenges magazine reported on Monday. La Redoute is part of Kering's mail order business Red...
French luxury goods group Kering, trying to sell its loss-making mail order unit La Redoute, said it would favor a buyer who would keep the business going after staff and politicians protested against looming job cuts.
French luxury group Kering is ready to inject at least 300 million euros into its La Redoute unit as part of efforts to find a buyer for the loss-making mail order business, two sources close to the matter said.
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.