Founded in 1963 by Francois Pinault of woodworking and building materials, the PPR Group has positioned itself from

the mid-ninety in the distribution

sector, quickly becoming one of the leading in this area.
Taking a controlling stake in Gucci Group in 1999 and the formation of a multi-brand luxury group marked a new stage in the development of the Group.
In 2007, the Group enters a new growth opportunity with the acquisition of a controlling stake in Puma, a world leader and a reference brand in the world of
Sportlifestyle. Thus, PPR continues to develop its activities on the most promising markets, through strong brands and recognized.

The strong entrepreneurial culture of PPR favors long decentralization. The Group's organization based on the equilibrium between five operational branches, Gucci
Group, Puma, Fnac, Redcats and Conforama, which have, each in a defined framework, a wide autonomy, and a holding company that provides the Steering Group.
 
This mode of organization confers responsibilities and initiatives to all employees and maximize the value creation of PPR. Everybody works in business development and
feels responsible and accountable for its performance.
 
On the ground, the branches support the full implementation responsibilities for the conduct of their affairs. Close to markets and customers, they develop brand strategy
and signs, set the guidelines and make trades all operational decisions. They are based on structures of a fast, flexible and interconnected. The latitude given to
operational teams raises the involvement and commitment of staff and their commitment to the Group and it also fosters the development of talent.
Holding defi nes the PPR strategy and ensures the alignment of interests of various stakeholders of the Group. She hosts the performance management of all branches
with short loops guidance, regulation and control. It supports, for the Group, certain tasks within its area reserved (mergers & acquisitions, treasury & finance, shareholder
relations and governance of the Group in particular) and plays a role of leadership, leadership , support and coordination in other areas.
 
PPR focuses on the pooling of resources that add value to the branches and improve their performance. Horizontal policies also help optimize certain key processes for
the entire Group (Talent Management in particular).
Sharing within the Group of knowledge, expertise and best practices is always favored.This helps to promote creativity, innovation and process excellence and optimize
resources and reduce costs.
 
PPR culture based primarily on values of dialogue, freedom of expression and conviviality that unite and cement the Group and are a real catalyst for solidarity. This is
illustrated in particular by devices for communication and exchange simple, authentic and fluids.
This management style is singular at the heart of the operation and performance of the Group.

Strategy
Since its inception in 1963, PPR is pursuing an entrepreneurial spirit in a long term vision, which led him to become a regular investing and investing in new
businesses.

The Group will benefit from synergies through complementary worlds of consumption and the pooling of
resources to serve its corporate
Today, PPR is committed to a new stage in its development: PPR aims to become a large group of global brands in the universe of "personal goods", which mainly
includes clothing, shoes and accessories.
These powerful brands will be positioned on both consumer markets and luxury. Thus, alongside the luxury pole, which is one of the world's most prestigious actors and
most successful, the Group directs its pole gradually towards consumer lifestyle brands in sport more international profile. Trademark carrying values that confer true
legitimacy beyond their mere stylistic component and that all share a concern for ultimate quality, combined with the constant search for innovation.
PPR thus unfolds in international activities more and better distributed in the world so as not to be dependent on a special economic zone. The group, more consistent,
can take advantage of new synergies through complementary worlds of consumption and the pooling of resources for Business Group. Finally, development activities is in
compliance with the communities in which they operate.
All branches of PPR and focus to ensure quality and reliability of the whole process, in compliance with the requirements expressed in the Code of Business Conduct
PPR. The Group's commitment to Corporate Social Responsibility and Environmental is a particular requirement in terms of ethics in view of the collective challenge the
world faces. But it is also a major trade issue. Sustainable development represents a real opportunity in terms of activities, a source of innovation and cost reduction.

PPR (company)
From Wikipedia, the free encyclopedia

PPR S.A.
 Type Société Anonyme (Euronext:PP)

Industry Luxury goods, retail

Founded 1963

Founder(s) François Pinault

Headquarters Paris, France

Key people François-Henri Pinault(Chairman and CEO)

Products Luxury and sporting goods,mail order, store retail

Revenue €16.53 billion (2009)[1]

Operating income €1.383 billion (2009)[1]

Profit €985 million (2009)[1]

Employees 73,250 (2009)[1]

Subsidiaries Conforama, fnac, Gucci Group, Puma (majority stake),Redcats

Website www.ppr.com

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 theCAC 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.
 Contents

 [hide]

1 Direction(february

2010)

o 1.1 Boar

d of Directors

o 1.2 Exec

utive Committee

2 Financial data

3 Operations

o 3.1 Subsi

diaries

o 3.2 Inves

tments

4 Former subsidiaries

5 Competitors

6 References

7 External links

[edit]Direction(february 2010)

[edit]Board of Directors

 François Pinault - Honorary president.

 François-Henri Pinault - Chairman and CEO.

 Patricia Barbizet - vice president

 Hugues Mulliez

 Aditya Mittal

 Pierre Bellon

 Allan Chapin

 Luca Cordero di Montezemolo

 Philippe Lagayette

 Baudouin Prot

 Jean-Philippe Thierry

 Jean-François Palus

 Jean-Pierre Denis
[edit]Executive Committee

 François-Henri Pinault

 Christophe Cuvillier

 Philippe Decressac

 Jean-Michel Noir

 Thierry Guibert

 Jean-François Palus

 Robert Polet

 Laurent Claquin

 Claude Chirac

 Jochen Zeitz

Source : www.ppr.com

[edit]Financial data

Financial Data in euro millions

Year 2002 2003 2004 2005 2006 2007 [2] 2008 [2] 2009 [2]

17
Sales 24 360 27 354 24 213 17 931 17 761 20 201 16 525
766

EBITDA 2 282 1 753 1 939 1 478 1 540 2 096 2 140 1 790

Net Result share of the group 1 589 644 940 535 680 1 058 924 985

Net Debt 3 304 5 032 4 561 4 584 3 461 6 121 5 510 4 367

Source :'OpesC'

[edit]Operations

[edit]Subsidiaries

As of 2010 PPR's main subsidiaries include:

 The Gucci Group which owns the luxury brands Gucci, Balenciaga, Yves Saint Laurent, Sergio Rossi, Boucheron, Bottega Veneta, Alexander

McQueen (50%), and Stella McCartney (50%).

 Redcats - mail order retailer which operates La Redoute, Ellos, Empire, Redcats USA, Cyrillus, Vertbaudet,

Somewhere, Daxon, Edmée, Celaia, La Maison de Valérie, Josefssons

 RedcatsUSA - mail order and store retailer which operates Jessica London, Brylane Home, Woman

Within, OneStopPlus.com, Roaman's, Kingsize Direct, The Sportsman's Guide,The Golf Warehouse, Bargain Catalog Outlet, Avenue

Magazine

 fnac - book and CD retailer in France, Switzerland, Belgium, Greece, Spain, Portugal, Italy and Brazil.

 Conforama - household furnishing retailer

 Puma has about 65% of its stock owned by the PPR group.

[edit]Investments

CFAO, a distributor of cars and pharmaceuticals in Africa and the DOM-TOM was a wholly-owned subsidiary of PPR until December 2009, when a

majority stake was listed on Euronext Paris.[3] PPR retains 42% of the firm, but it is no longer considered a subsidiary.

[edit]Former subsidiaries

 Rexel - electrical supplies

 Guilbert - office supplies and furniture

 Printemps - department stores chain

 Pinault

 Kadeos

 Bédat & Co - on February 25, 2009 Gucci 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. [4]

[edit]Competitors

PPR's chief competitors in luxury goods conglomerates are LVMH and Richemont.