Retail in Asia

In Sectors

PPR studies small-scale lifestyle acquisitions

PPR SA is studying several small-scale acquisitions to bolster its luxury and lifestyle portfolio and will take its time disposing of its less profitable retail units, CEO Francois-Henri Pinault said on Thursday.

PPR is seeking to divest its Fnac, Redcats and Conforama consumer businesses to focus on developing the Gucci Group NV and Puma AG divisions, particularly in faster-growing markets such as Asia, Pinault said at a presentation of the French company’s 2009 results in Paris.

"We will take time to adjust our portfolio," Pinault said. "We won’t make any strategic acquisition before making a disposal."