PPR SALE: French distribution giant Pinault-Printemps-Redoute on Thursday said it would sell its Pinault Bois & Materiaux wood and construction supplies division for $615.9 million to Britain’s Wolseley construction group. As reported, PPR, controlled by French magnate François Pinault, has been shedding its business-to-business activities in favor of its higher-margin retail and luxury holdings. PPR controls 61 percent of Italy’s Gucci group. The sale of Pinault Bois holds symbolic value as Pinault’s core property when he began to assemble his group, which spans the Fnac music and book chain and the Printemps department stores. PPR has already shed its Guilbert office supplies division and Finaref and Facet consumer credit units. It is also expected to divest its Rexel electrical equipment supplier.

DOCKERS GOES TOPS: Dockers has entered into a licensing agreement with Kellwood Co. in which Kellwood will design and produce a full range of women’s tops, including knits, wovens, sweaters and blazers for misses’ and petite consumers under the Dockers For Women label in the U.S. The new tops collection will be distributed in department, chain and specialty stores nationwide starting in fall 2004.

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