By  on October 9, 2012

PARIS — Moving a step closer to becoming a pure player in apparel and accessories, PPR said Tuesday it plans to demerge and float Fnac, a struggling retailer of books, music and home electronics.

PPR said the spin-off — via the distribution of Fnac shares to the shareholders of PPR — is intended to go ahead in 2013. Detailed terms are to be presented later following consultations with works councils.

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