Today, the fashion conglomerate formerly known as PPR has officially become Kering. The news was announced at the company’s annual meeting. PPR stood for Pinault-Printemps-Redoute, and the company has announced that they plan to sell of their final retail business, La Redoute, by the end of the year as they become solely focused on their ownership of several fashion and lifestyle brands like Gucci and Puma.
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La Redoute
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François-Henri Pinault made a surprise announcement at a press conference today that the powerhouse fashion company, PPR would be changing its name to Kering, effective June 18th.