PPR says in talks to sell La Redoute by year-end

PARIS, June 18 Tue Jun 18, 2013 10:56am EDT

PARIS, June 18 (Reuters) - PPR Chief Executive Francois-Henri Pinault on Tuesday said the luxury and sports brands group was in talks to sell its mail order business La Redoute and hoped to complete the disposal by the end of the year.

"Talks have just started... This unit will be sold by the end of the year," Pinault told shareholders at the group's annual general meeting in Paris. (Reporting by Astrid Wendlandt, editing by Elena Berton)