PPR's Redcats sells U.S. sports & leisure business

PARIS Thu Nov 8, 2012 9:44am EST

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PARIS Nov 8 (Reuters) - French retail and luxury group PPR said on Thursday that its Redcats unit had agreed to sell its U.S.-based Sports & Leisure business to retailer Northern Tool + Equipment for an enterprise value of $215 million.

The sale of businesses comprising The Sportsman's Guide, Inc. and The Golf Warehouse should be finalised before the end of the year, PPR said in a statement.

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