€14.6
billion in revenue in 2010
€1.5
billion in recurring operating income in 2010
€1.1
billion in free cash flow from operations in 2010
67%
of revenue generated outside France in 2010
60,000
employees in 2010
(Source : 2010 Reference Document)
PPR Key figures
PPR History
• François Pinault establishes the Pinault group, specialising in timber trading.
• Flotation on the Paris Stock Market’s Second Marché of Pinault SA, a company specialising in timber trading, distribution and processing.
• Acquisition of CFAO, specialising in electrical equipment distribution (through CDME, which became Rexel in 1993) and in trading with Africa.
• the acquisition of Conforama, the Group enters the Retail activity.
• The Pinault-Printemps Group is born with the takeover of Au Printemps SA, which held 54% of La Redoute and Finaref.
- • Merger of La Redoute with the Group, which is renamed Pinault-Printemps-Redoute.
- • Takeover of Fnac.
• Launch of the Group’s fi rst website, laredoute.fr.
- • Acquisition by CFAO of SCOA, the leading pharmaceutical distributor in West Africa through its subsidiary Eurapharma.
- • Creation of Orcanta, a women’s lingerie chain.
- • Launch of fnac.com, the Fnac website.
- • Takeover by Redcats (PPR home shopping activity) of Ellos, the leader in the Scandinavian home shopping market.
- • Creation of Fnac Junior, a store concept for children under 12.
- • Takeover of Guilbert, the European leader in office supplies and furnishings.
- • Acquisition by Redcats of 49.9% of Brylane, the fourth largest home shopping company in the United States.
- • Creation of Made in Sport, a chain of stores dedicated to sports enthusiasts.
- • Purchase of the remaining stake in Brylane.
- • The Group enters the luxury goods sector with the acquisition of 42% of Gucci Group NV.
- • First steps towards the creation of a multi-brand luxury goods group, with the acquisition by Gucci Group of Yves Saint Laurent, YSL Beauté and Sergio Rossi.
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- • Acquisition of Surcouf, a specialised PC retailer.
- • Acquisition by Gucci Group of Boucheron.
- • Launch of Citadium, the new Printemps sports store.
- • Gucci Group acquires Bottega Veneta and Balenciaga and signs partnership agreements with Stella McCartney and Alexander McQueen.
- • Conforama enters the Italian market with the purchase of the Emmetza group, one of the leaders in the home furnishings market in Italy.
- • Pinault-Printemps-Redoute raises its stake in Gucci Group to 53.2%.
- • The Group raises its stake in Gucci Group to 54.4%.
- • Sale of Guilbert home shopping activity to Staples Inc.
- • Sale of part of the Credit and Financial Services activity in France and Scandinavia to Crédit Agricole SA (61% of Finaref) and to BNP Paribas (90% of Facet).
- • The Group raises its stake in Gucci Group to 67.6%.
- • Sale of Pinault Bois & Matériaux to the Wolesley group in the UK.
- • Sale of the Guilbert “contract” activity to the American group Offi ce Depot.
- • Further sale of 14.5% of Finaref.
- • The Group raises its stake in Gucci Group to 99.4% following a tender offer.
- • Sale of Rexel.
- • Sales of the 24.5% residual stake in Finaref.
- • Change in the corporate name: Pinault-Printemps- Redoute becomes PPR.
- • Sale of MobilePlanet.
- • Sale of the 10% residual stake in Facet.
- • Sale of 51% of France Printemps to RREEF and the Borletti group.
- • Sale of Orcanta to the Chantelle group.
- • Sale of the Bernay industrial site (YSL Beauté Recherche et Industrie).
- • Cessation of Fnac Service activities.
- • Conforama acquires majority control of Sodice Expansion.
- • Redcats Group acquires The Sportsman’s Guide, Inc.
- • Sale of the 49% residual stake in France Printemps to RREEF and the Borletti Group.
- • Sale of Kadéos to the Accor Group.
- • Acquisition of a 27.1% controlling stake in Puma, followed by an increase in this stake to 62.1% on completion of a tender offer.
- • - Acquisition by Redcats USA of United Retail Group.
- • Sale of YSL Beauté to L’Oréal.
- • Sale of Conforama Poland.
- • Sale by Redcats UK of Empire Stores.
- • Sale by Redcats USA of the Missy division.
- • Purchase of a 23% stake in Girard Perregaux.
- • Acquisition by Puma of Dobotex International BV.
- • Acquisition by Puma of Brandon AB.
- • Sale of Bédat & Co.
- • Sale of Surcouf.
- • Flotation of 58% of Cfao.
- • Acquisition of a 20% stake by Puma in Wilderness Holdings Limited .
- • Acquisition by Puma of Cobra.
- • Sale of Fnac éveil & jeux.
- • Sale of the controlling stake in Conforama.
- • Acquisition of Volcom Inc. (Volcom and Electric brands)
- • Stake in Sowind Group (Girard-Perregaux and JeanRichard brands )- raised to 50.1 % (controlling stake)
Rollover a year to discover key moments in PPR's history.
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PPR continues to grow and develop its businesses through strong and highly-reputed brands.
Back in 1963, PPR was a building materials business under the leadership François Pinault. Later in the mid-1990s, PPR entered the retail sector become a recognized leader.
PPR marked a new stage in its development with the purchase of Gucci in 1999, and thereafter built a multi-brand Luxury Goods division. In 2007, PPR seized a new growth opportunity with the purchase of a controlling stake in Puma, a world leader in sport & lifestyle, further establishing PPR as a leader in global brands.
PPR marked a new stage in its development with the purchase of Gucci in 1999, and thereafter built a multi-brand Luxury Goods division. In 2007, PPR seized a new growth opportunity with the purchase of a controlling stake in Puma, a world leader in sport & lifestyle, further establishing PPR as a leader in global brands.
Interactive version
PPR's activity