PARIS — Pinault-Printemps-Redoute will continue to streamline its profile by divesting its business-to-business division and concentrating on its higher-margin luxury and retail activities.

Serge Weinberg, chairman of the diversified retailer, which holds a 55.2 percent stake in Gucci Group, said in a conference call on Thursday that PPR has begun "redeploying" the group to make it "clearer and easier to understand."

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