PPR Nets $366M In Mail-Order Biz Sale To Nordic Capital

Law360, New York (February 25, 2013, 12:31 PM EST) -- French retailer PPR SA has inked a €275 million ($366 million) deal that will send its Scandinavian brands to private equity firm Nordic Capital, it said Monday, continuing a push to refine its focus on luxury and lifestyle brands and shed its Redcats mail-order business.

In the deal, Nordic Capital — an investor targeting buys in Europe's Nordic region and German-speaking counties — will scoop up the Ellos catalog apparel brand and the Jotex home furnishings line. The firm did not give a financing breakdown for...
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