Wednesday, May 12, 2010

FRENCH MNC - PPR

PPR

• PPR is a French multinational holding company specializing in retail shops and luxury

brands. The company was created by the billionaire businessman François Pinault

and is now run by his son François-Henri Pinault.

• It was originally called Pinault-Printemps-Redoute, but changed its name to simply

PPR.

• François Pinault's holding company Artemis S.A. also owns Converse sneakers, Samsonite luggage, the

Vail Ski Resort in Colorado, and Christie's auction house.

• Artemis also owns Executive Life (now Aurora Life) in California, which was sued by policy holders when the

company failed.

• PPR's brands include Gucci, Balenciaga and Stella McCartney.

• PPR also owns more-affordable catalog brands Lerner and Chadwick's.

• The second "P" of the group's name, "Printemps", was sold in 2006 to an investment group.

• Pinault's personal art collection is now showcased in Venice in the Palazzo Grassi.

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