PPR Eyes $156M Sale Of Children And Family Division

Law360, New York (January 3, 2013, 2:34 PM EST) -- French retailer PPR SA is continuing to narrow its focus to luxury, sports and lifestyle brands, hammering out a €119 million ($156 million) deal that will send its children- and family-focused business line to European investment house Alpha Private Equity Fund 6, PPR said Thursday.

Alpha Private Equity and PPR have entered exclusive negotiations, pushing them toward a deal that would give the investor full ownership of the Cyrillus and Vertbaudet apparel brands. The units are currently housed in PPR's Redcats retail division, which was substantially...
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