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Kering SA enters into exclusive negotiations for the disposal of la Redoute and Relais Colis

Wednesday, 4 Dec 2013 10:33am EST 

Kering SA:Says it has taken the decision to enter into exclusive negotiations with Nathalie Balla, current chairman and CEO of La Redoute, who joined it in 2009, and Eric Courteille, Chief administrative officer of Redcats since 2009.Says that under the terms of the negotiation offer, the buyers would create a new entity and would invest in it in a personal capacity.Says this company would acquire all the shares of La Redoute, Redoute International and Relais Colis. 

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0.9 +0.58%
4:15am EST