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.

No comments:

Post a Comment