By  on February 25, 2013

MILAN — Continuing the piecemeal disposal of its remaining retail assets, PPR said its Redcats division has reached an agreement to sell two Nordic brands for an enterprise value of 275 million euros, or $362.7 million at current exchange.

Nordic Capital Fund VII is to purchase the Ellos and Jotex businesses, which sell apparel and home wares respectively in the Scandinavian market.

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