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Luxury Goods Group PPR to Spin Off Fnac Books Chain

Francois-Henri Pinault announcing the renaming of PPR | Photo: Nicolas Morice
By
  • Emma Clark

"Fnac, the high street music and books chain, will take on a new life as an independent company when it lists on the Paris stock exchange this week. Parent company PPR, the owner of the label Gucci and Puma sportswear, will spin off the company, in the final steps towards its transformation from a conglomerate to a luxury and lifestyle retailer."

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