PARIS — Pinault-Printemps-Redoute, the diversified retailer with a majority stake in Gucci Group, on Tuesday confirmed it’s in negotiations to sell its financial services arm, Finaref, a move that would significantly ease its $6 billion debt load.

Meanwhile, the company, with interests in everything from timber to department stores, reported a 1.6 percent decline in third-quarter revenue to $6.23 billion, compared with $6.33 billion in the corresponding period last year.

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