PARIS — French luxury and retail conglomerate Pinault-Printemps-Redoute is in good financial shape to acquire the Gucci Group shares it doesn’t own when its so-called put comes due next year — even as the total price of the Italian giant surpasses $8 billion — chief executive Serge Weinberg told investors at an annual shareholder’s assembly here Thursday.

Facing heavy debt, which stood at about $6 billion last month (converted from euros at the exchange rate), PPR has been selling many of its non-core holdings in preparation to buy the remainder of Gucci next year. Over the past year, its financial services arm, wood business and office supplies distributor have all been shed, generating some $3.8 billion.

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