PPR To Reap $525M In Plus-Size Clothing Unit Sale

Law360, New York (December 6, 2012, 1:22 PM EST) -- A pair of private equity firms will put up $525 million for the U.S. plus-size clothing business of French retailer PPR SA as the company sheds assets in favor of a sharpened focus on its luxury, sports and lifestyle brands, PPR said Wednesday.

Charlesbank Capital Partners LLC and Webster Capital, both headquartered in Massachusetts, will take over the PPR unit, OneStopPlus Group. Neither buyers nor PPR gave a financing breakdown or said how the firms would split the stake. The trio expects to button up the...
To view the full article, register now.