PPR advance the project to sell Redcats by parts, according to the American press. First step: U.S. assets. The group could give One Stop Plus for 400 to 500 million dollars. Catalogs and Sportman'sGuide Golf Warehouse could be sold for 250 million dollars.PPR is about to sell the assets of its pole distance selling Redcats United States, says the New York Post. The private equity fund TPG, Leonard Green, Berkshire Partners and CCMP are interested, according to the U.S. daily.The U.S. subsidiary of Redcats U.S. site includes catalog and OneStopPlus specializes in plus size clothing and Sportsman's Guide, which sells sporting goods and leisure and operates Golf Warehouse Catalog, the newspaper said.OneStopPlus be taken for between 400 and 500 million, or between 317 and 397 million euros, understands the newspaper quoted sources close. The transaction was finalized in the coming weeks.Sportsman's Guide and Golf Warehouse, generating $ 30 million of EBITDA would be sold less than 250 million, according to the New York Post.Refocusing"The process of selling Redcats runs its course, all options are open. As with all assignments by PPR, we will favor the most in the interests of all stakeholders," he told AFP one door voice of PPR in France, who did not want to comment specifically on Information Post.Decided in late 2009, the sale of Redcats had been suspended because of the debt crisis, lack of buyers, then relaunched in early 2012. In February, the group François-Henri Pinault said it had discussed the sale of Redcats with several private equity funds. In vain. It was the summer of 2011. The market for debt was then undermined its plans to sell in bulk.A year later, this sale piecewise scenario is that the group wanted to avoid. For several years, PPR wants to sell its distribution center to focus on luxury, Gucci around, and clothing "sport & lifestyle" around Puma.
( French source original "la Tribune.fr" )
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