Daily Digest

PPR’s Redcats to Sell Brands to Nordic Capital for $364 Million

Redcats screenshot | Source: Redcats

“PPR SA, the French owner of Gucci, said one of the Swedish buyout firm Nordic Capital’s funds agreed to buy Ellos and Jotex, two Scandinavian online home and apparel brands owned by its Redcats unit, for an enterprise value of 275 million euros ($364 million).”