PPR SA is studying several small-scale acquisitions to bolster its luxury and lifestyle portfolio. In a presentation of the French company’s 2009 results in Paris, Chief Executive Officer Francois-Henri Pinault said the company would remain “vigilant” for possible targets to complement its Gucci Group, its luxury arm, and Puma “in price positions and categories where we are not present.”
As reported, PPR is looking 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.
“We will take time to adjust our portfolio,” Pinault said. “We wont make any strategic acquisition before making a disposal.”
PPR has a 70% stake in PPR.