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Provider: Reuters Investment Profile

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PPR SA's Redcats To Sell U.S. Plus-Size Business-Reuters

Wednesday, 5 Dec 2012 04:54pm EST 

Reuters reported that PPR SA said its Redcats mail order unit had agreed to sell its U.S. plus-size fashion business, OneStopPlus Group, to private equity firms Charlesbank Capital Partners and Webster Capital for an enterprise value of $525 million. PPR said that the deal, which is expected to close during the first quarter of 2013, marked a further step in the group's transformation into a global luxury, sports and lifestyle retailer. 

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