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.
This story first appeared in the April 23, 2003 issue of WWD. Subscribe Today.