PPR says in talks to sell La Redoute by year-end
PARIS (Reuters) - PPR (PRTP.PA) 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)
TOKYO - Asian stocks rose on Friday, buoyed by Wall Street's gains the previous day, but investors remained cautious ahead of the U.S. nonfarm payrolls report later in the session.
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.