PARIS — Talk about a luxury layaway plan.

Continuing to cut the size of the Gucci Group NV bill coming due in April 2004, French retail giant Pinault-Printemps-Redoute said Friday that a PPR affiliate had acquired 2.95 million Gucci shares in a series of transactions that lifted PPR’s Gucci stake by 3 percent to 58.2 percent.

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