Redcats’ U.S. Assets Sale Finalized

The deal’s enterprise value is $215 million.

PARIS — PPR announced its mail-order division Redcats has closed the sale of its U.S. assets.

As reported in November, it had signed an agreement to sell the sports and leisure activities of its U.S. division to Northern Tool + Equipment for an enterprise value of $215 million.

The Burnsville, Minn.-based retailer of tools and power equipment has taken control of online outdoor gear and clothing company The Sportsman’s Guide Inc. and online golf retailer The Golf Warehouse Inc., as PPR sheds its retail activities to focus on apparel and accessories in the luxury and sports-lifestyle segments.

The sale of Redcats’ U.S. operations is the first step in a piecemeal disposal of the business.