OUT OF THE WOODS: Speculation is heating up in Europe that retail giant Pinault-Printemps-Redoute, which made clear its intention to shed its business-to-business activities, may be in talks to sell Pinault Bois Materiaux to Wolseley, a British firm specializing in heating and plumbing equipment. A PPR spokeswoman declined all comment. Wolseley officials could not be reached. Pinault Bois, the company on which François Pinault’s empire was built, specializes in wood and construction supplies.

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