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."
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)