By  on December 4, 2013

PARIS — After protracted and politically sensitive talks to offload La Redoute, Kering announced on Wednesday it had entered exclusive negotiations with two of its senior managers who have presented a takeover plan for the struggling catalog retailer, plus delivery network Relais Colis.

Nathalie Balla, chairman and chief executive officer of La Redoute, and Eric Courteille, chief administrative officer of mail-order division Redcats, were the latest bidders to emerge in the process, which practically completes Kering’s transition out of retail into fashion and accessories in the luxury and sport-lifestyle segments.

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