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.
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)