MILAN — PPR is catching a break — and Gucci says it’s not shopping, at least for now.

Gucci Group NV said Wednesday it would pay back $1.58 billion, or approximately $16 a share, to shareholders this fall. This will correspondingly reduce the amount Pinault Printemps Redoute will have to pay per share to acquire the remainder of Gucci it doesn’t already own next spring by about $16.

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