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PPR (company)
Encyclopedia
PPR is a French
multinational holding company
specializing in retail shops and luxury brands. The company was founded in 1963 by the businessman François Pinault
and is now run by his son François-Henri Pinault
. It is quoted on Euronext Paris
and is a constituent of the CAC 40
index. It was originally called Pinault-Printemps-Redoute, but changed its name on 18 May 2005 to simply PPR. On June 20, 2006, PPR announced that it had entered into exclusive negotiations pertaining to the sale of France Printemps after receiving a joint offer from RREEF and Borletti Group for €1.075 billion.
Source : www.ppr.com
and the DOM-TOM was a wholly owned subsidiary of PPR until December 2009, when a majority stake was listed
on Euronext Paris
. PPR retains 42% of the firm, but it is no longer considered a subsidiary.
and Richemont
.
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
multinational holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
specializing in retail shops and luxury brands. The company was founded in 1963 by the businessman François Pinault
François Pinault
François Pinault is a French businessman who runs the retail company PPR. He is a friend of former French President Jacques Chirac....
and is now run by his son François-Henri Pinault
François-Henri Pinault
François-Henri Pinault, born in Rennes, Brittany, France, is a French businessman and the chief executive officer of PPR. He is the son of the company's founder, businessman François Pinault...
. It is quoted on Euronext Paris
Euronext
Euronext N.V. is a pan-European stock exchange based in Amsterdam and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. In addition to equities and derivatives markets, the Euronext group provides clearing and information services...
and is a constituent of the CAC 40
CAC 40
The CAC 40 is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant values among the 100 highest market caps on the Paris Bourse...
index. It was originally called Pinault-Printemps-Redoute, but changed its name on 18 May 2005 to simply PPR. On June 20, 2006, PPR announced that it had entered into exclusive negotiations pertaining to the sale of France Printemps after receiving a joint offer from RREEF and Borletti Group for €1.075 billion.
Board of Directors
- François PinaultFrançois PinaultFrançois Pinault is a French businessman who runs the retail company PPR. He is a friend of former French President Jacques Chirac....
- Honorary president. - François-Henri PinaultFrançois-Henri PinaultFrançois-Henri Pinault, born in Rennes, Brittany, France, is a French businessman and the chief executive officer of PPR. He is the son of the company's founder, businessman François Pinault...
- Chairman and CEO. - Patricia BarbizetPatricia BarbizetPatricia Barbizet, born on april 17, 1955, is a prominent figure in the French business world. She has been Executive Director of Artemis since 1992 and is Vice-Chairman of the Board of Groupe PPR and Chairman of the Supervisory Board of Christie’s....
- vice president
- Hugues Mulliez
- Aditya MittalAditya MittalAditya Mittal is a CFO, Responsible for Flat Americas, Mergers and Acquisitions , Investor Relations, Strategy and Communications of the world's largest steel firm ArcelorMittal, which is controlled by his father Lakshmi Mittal, who was ranked the fifth richest person in the world by Forbes in...
- Pierre BellonPierre BellonPierre Bellon is the founder of Sodexo, a multinational food service and facilities management company. He founded the company in France in 1966. Sodexo is a public traded company on New York and Paris exchanges....
- Allan Chapin
- Luca Cordero di MontezemoloLuca di MontezemoloLuca Cordero di Montezemolo is an Italian businessman and Chairman of Ferrari. He was also Chairman of Fiat S.p.A from 2004 to 2010 and President of Confindustria from 2004 to 2008 and FIEG. He comes from an aristocratic family from the region of Piedmont in Italy...
- Philippe Lagayette
- Baudouin ProtBaudouin ProtBaudouin Prot is CEO of BNP Paribas, the world's biggest banking group.-Biography:Prot was born 24 May 1951. He graduated from HEC Paris and from the École nationale d'administration...
- Jean-Philippe Thierry
- Jean-François Palus
- Jean-Pierre DenisJean-Pierre DenisJean-Pierre Denis is a French film director and screenwriter. He has directed six films between 1980 and 2005. His film Field of Honor was entered into the 1987 Cannes Film Festival.-Filmography:* Histoire d'Adrien...
Executive Committee
- François-Henri PinaultFrançois-Henri PinaultFrançois-Henri Pinault, born in Rennes, Brittany, France, is a French businessman and the chief executive officer of PPR. He is the son of the company's founder, businessman François Pinault...
- Christophe Cuvillier
- Philippe Decressac
- Jean-Michel Noir
- Thierry Guibert
- Jean-François Palus
- Robert PoletRobert PoletRobert Polet is the CEO of Gucci Group and formerly worked as the president of the ice cream and frozen foods division of Unilever. A self-described "modern gypsy", he moved frequently from country to country and his international experience was one of the attributes the Gucci owner, PPR, was...
- Laurent Claquin
- Claude ChiracClaude ChiracClaude Chirac, , younger daughter of French president Jacques Chirac, has been her father's personal advisor since 1994.She has been involved with French judoka Thierry Rey, who is the father of her son Martin Rey-Chirac....
- Jochen ZeitzJochen ZeitzBorn on April 6, 1963 in Mannheim, Germany, Jochen Zeitz is the CEO of the Sport & Lifestyle Group of PPR and Executive Chairman of PUMA SE after serving 18 years as Chairman and CEO at PUMA....
Source : www.ppr.com
Financial data
| Year | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 |
|---|---|---|---|---|---|---|---|---|---|
| Sales Sales A sale is the act of selling a product or service in return for money or other compensation. It is an act of completion of a commercial activity.... |
24 360 | 27 354 | 24 213 | 17 766 | 17 931 | 17 761 | 20 201 | 16 525 | 14 605 |
| EBITDA EBITDA EBITDA is an acronym for earnings before interest, taxes, depreciation, and amortization. It is a non-GAAP metric that is measured exactly as stated. All interest, tax, depreciation and amortization entries in the income statement are reversed out from the bottom-line net income... |
2 282 | 1 753 | 1 939 | 1 478 | 1 540 | 2 096 | 2 140 | 1 790 | 1 861 |
| Net result, share of the group | 1 589 | 644 | 940 | 535 | 680 | 1 058 | 924 | 985 | 764 |
| Net debt | 3 304 | 5 032 | 4 561 | 4 584 | 3 461 | 6 121 | 5 510 | 4 367 | 3 781 |
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Subsidiaries
As of 2011 PPR's main subsidiaries include:- The Gucci Group
- GucciGucciThe House of Gucci, better known simply as Gucci , is an Italian fashion and leather goods label, part of the Gucci Group, which is owned by French company PPR...
- Bottega VenetaBottega VenetaBottega Veneta is an Italian luxury goods house best known for its leather goods. Founded in 1966, it was purchased in 2001 by Gucci Group, now a part of the French multinational group PPR. Bottega Veneta is headquartered in Vicenza, in the Veneto region of northeastern Italy.- History :Bottega...
- Yves Saint Laurent
- BalenciagaBalenciagaBalenciaga is a fashion house founded by Cristóbal Balenciaga, a Basque designer, born in the Basque Country, Spain. He had a reputation as a couturier of uncompromising standards and was referred to as "the master of us all" by Christian Dior. His bubble skirts and odd, feminine, yet ultra-modern...
- Alexander McQueenAlexander McQueenLee Alexander McQueen, CBE was a British fashion designer and couturier best known for his in-depth knowledge of bespoke British tailoring, his tendency to juxtapose strength with fragility in his collections, as well as the emotional power and raw energy of his provocative fashion shows...
(50%) - BoucheronBoucheronBoucheron is a French jewellery house.-History:The House of Boucheron is a French family dynasty founded by Frederic Boucheron in 1858....
- Sergio RossiSergio RossiSergio Rossi is an Italian fashion designer and distributor of women's shoes and handbags, as well as a limited range of men's shoes. The Sergio Rossi label is owned by the French conglomerate PPR.-Biography:...
- Stella McCartneyStella McCartneyStella Nina McCartney is an English fashion designer. She is the daughter of former Beatles member Sir Paul McCartney and the late photographer and animal rights activist, Linda McCartney.-Early life:...
(50%). - VolcomVolcomVolcom, Inc. is a designer, marketer and distributor of young men's and young women's clothing, footwear, accessories and related products sold under the Volcom brand name. Volcom is headquartered in Costa Mesa, California, United States...
- Gucci
- RedcatsRedcatsRedcats is a group of commercial companies managed by Jean-Michel Noir. This PPR group entity is specialized in international online fashion and home furnishing distribution.- History :...
- La RedouteLa RedouteLa Redoute is the largest mail order company in France.The company is based in Roubaix. It was founded in 1875. It is owned by the PPR holding company. PPR was named "Pinault-Printemps-Redoute" until 2005. Thus the "R" in the acronym refers to La Redoute....
- Daxon
- Vertbaudet
- Cyrillus
- Somewhere
- EllosEllosEllos AB is a Swedish mail order company, which today is a subsidiary of the French Redcats mail order group.-History:Ellos was founded in 1947 by Olle Blomqvist...
- La Redoute
- Redcats USA
- Avenue
- Brylane Home
- OneStopPlus.com
- Woman Within
- Jessica London
- Roaman's
- KingSize
- Sportsman's Guide, The
- The Golf Warehouse
- Fullbeauty.com
- Puma Group (70%)
- PUMA
- Cobra GolfCobra GolfCobra Golf is a subsidiary of German company Puma based in Carlsbad, California, which manufactures golf equipment.Founded in 1973 by Thomas L. Crow, Cobra produced one of the first utility clubs, the Baffler, long before the use of such clubs became popular. The company was acquired in 1996 by...
- Tretorn
- FnacFnacFnac is an international entertainment retail chain offering cultural and electronic products, founded by André Essel and Max Théret in 1954. It is the largest retailer of its kind in France...
(100%)
Investments
CFAO, a distributor of cars and pharmaceuticals in AfricaAfrica
Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
and the DOM-TOM was a wholly owned subsidiary of PPR until December 2009, when a majority stake was listed
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
on Euronext Paris
Euronext Paris
Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam, Lisbon and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the UK's London Stock Exchange...
. PPR retains 42% of the firm, but it is no longer considered a subsidiary.
Former subsidiaries
- RexelRexelRexel is a French group founded in 1967. It is specialised in the professional distribution of electrical supplies. The solutions offered by Rexel cover a wide range of equipment, including lighting, security, automation, climate control, communication, building automation and renewable energies....
- electrical supplies - Guilbert - office supplies and furniture
- PrintempsPrintempsPrintemps is a French department store .The flagship Printemps store is located on Boulevard Haussmann in the IXe arrondissement of Paris along with other well-known department stores like Galeries Lafayette. There are other Printemps stores in Paris and throughout France...
- department stores chain - Pinault
- Kadeos
- Bédat & CoBedat & CoBedat & Co is a Swiss watch brand that specializes in feminine luxury timepieces. The company was founded in 1996 by Simone Bédat and her son Christian Bédat...
- on February 25, 2009 GucciGucciThe House of Gucci, better known simply as Gucci , is an Italian fashion and leather goods label, part of the Gucci Group, which is owned by French company PPR...
announced a definitive agreement for the sale of Bédat & Co to Luxury Concepts Watches & Jewellery Sdn Bhd, the Malaysia-based brand management company, in partnership with Viviane Fankhauser, then acting CEO of the firm. - Conforama - sale to Steinhoff International Holdings agreed on 31 January 2011.
Competitors
PPR's chief competitors in luxury goods conglomerates are LVMHLVMH
LVMH Moët Hennessy • Louis Vuitton S.A., better known as LVMH, is a French multinational luxury goods conglomerate headquartered in Paris, Île-de-France, France. The company was formed after the 1987 merger of fashion house Louis Vuitton with Moët Hennessy, a company formed after the 1971 merger...
and Richemont
Richemont
Compagnie Financière Richemont S.A. is a Swiss luxury goods holding company founded in 1988 by the South African businessman Johann Rupert. Richemont categorizes its businesses into four areas: jewellery, watch making, writing instruments and other, which encompasses clothing and firearms. The...
.