- published: 25 Jun 2015
- views: 297
PPR (previously known as Pinault-Printemps-Redoute until 18 May 2005) is a French multinational holding company which develop a worldwide brand portfolio (luxury, sport & lifestyle divisions and retail brands) distributed in 120 countries. The company was founded in 1963 by the businessman François Pinault and is now run by his son François-Henri Pinault. It is quoted on Euronext Paris and is a constituent of the CAC 40 index.
On the 2nd June 1962, François Pinault officially opened the Etablissements Pinault, specialized in wood trade negotiation, and then in construction material. First a company from Bretagne, it grew organically and thanks to successive acquisitions, it reached national recognition. In 1987, the Pinault group took control of the paper-maker La Chapelle d’Arblay, which faced economic difficulties. It was then sold out to Finnish group Kymmene. Pinault SA was listed in the Second Marché of Bourse de Paris in 1988, and allowed institutions such as the Crédit Lyonnais or the AGF to invest in its company.
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