By  on July 9, 2012

PARIS — French retail-to-luxury group PPR is in discussions to buy a Chinese brand to boost its presence in the world’s second-largest economy, chief executive officer François-Henri Pinault was quoted as saying in Monday’s edition of the Hong Kong Economic Times.

A spokesman for PPR in Paris confirmed that Pinault had made the remark in an interview with several Chinese journalists. Pinault said the talks were at an early stage and an acquisition could be announced by yearend, but he did not provide additional details.

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