By  on June 19, 2013

PARIS — François-Henri Pinault moved several steps closer to the transformation of his family-controlled group on Tuesday, officially changing its name, spinning off one retail chain and disclosing talks to sell another before the end of the year.

Those were the main events of PPR’s final annual meeting with that name: 99.7 percent of shareholders approved the change to Kering.

Addressing several hundred shareholders at the Carrousel du Louvre here, Pinault said the new moniker — which sounds like “caring” — conveys the company’s “mission and values” toward its brands, employees, stakeholders and the environment.


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