By  on June 3, 2014

PARIS — Kering said it has closed the sale of La Redoute and Relais Colis to two of its senior managers.

In early December 2013, after protracted and politically sensitive talks to offload the struggling catalog retailer and delivery network, Kering announced it had entered exclusive negotiations with Nathalie Balla, chairman and chief executive officer of La Redoute, and Eric Courteille, chief administrative officer of Redcats.

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