Speaking of sales and spring cleaning, someone else is cleaning house.
That someone is retail mogul, François-Henri Pinault and the sale is at PPR.
And not in the way that you think.
The empire that consists of Alexander McQueen, Gucci, Stella McCartney, Balenciaga and more, is selling off a few pieces.
Stop desperately trying to find potential last-offs on eBay already.
The plans include disposal of retail businesses with low margins. They are keeping the focus on luxe brands for clothing and accessories and on Puma, the sportswear company. Plus, Pinault wants to build his mid-market brands and has a few targets in mind.
He’s just keeping them under his haute hat for now.
–With files from Vogue UK and the Financial Times.
