Definitions

household furnishing

PPR (company)

PPR is a French multinational holding company specializing in retail shops and luxury brands. The company was founded in 1963 by the billionaire businessman François Pinault and is now run by his son François-Henri Pinault. It is quoted on Euronext Paris and is a constituent of the CAC 40 index. It was originally called Pinault-Printemps-Redoute, but changed its name on 18 May 2005 to simply PPR. On June 20, 2006, PPR announced that it had entered into exclusive negotiations pertaining to the sale of France Printemps after receiving a joint offer from RREEF and Borletti Group for €1.075 billion.

Financial data

Financial Data in euro millions
Year 2002 2003 2004 2005 2006
Sales 24 360 27 354 24 213 17 766 17 931
Ebitda 2 282 1 753 1 939 1 478 1 540
Net Result share of the group 1 589 644 940 535 680
Net Debt 3 304 5 032 4 561 4 584 3 461
''Source :' OpesC'

Subsidiaries

As of 2008 PPR's main subsidiaries include:

Former subsidiaries

  • Rexel - electrical supplies
  • Guilbert - office supplies and furniture
  • Printemps - department stores chain
  • Pinault
  • Kadeos

Competitors

PPR's chief competitors in luxury goods conglomerates are LVMH and Richemont.

References

External links

Search another word or see household furnishingon Dictionary | Thesaurus |Spanish
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature
FAVORITES
RECENT

;