PPR to get control of Gucci on Dutch court ruling

Article Abstract:

A court ruling in the Netherlands has cleared the way for French tycoon Francois Pinault to acquire controlling interest in Gucci NV. Mr. Pinault was engaged in a fierce battle with French billionaire Bernard Arnault for Gucci. Pinault Printemps Redoute's (PPR) proposed acquisition of 42% of Gucci was upheld by a Amsterdam court. The court also rejected Gucci's attempt to implement a poison-pill defense against a takeover by LVMH Moet Hennessy Louis Vuitton.

Comment:

Dutch court ruling upholds PPR's acquisition of 42% of Gucci

Apparel & Shoe Stores, Clothing and Clothing Accessories Stores, Apparel & Related Products, Apparel Manufacturing, Abstract, Clothing industry, Pinault-Printemps-Redoute, Clothing stores, Gucci N.V.

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Amsterdam court maintains freeze on agreement between Gucci, PPR

Article Abstract:

Pinault Printemps Redoute SA (PPR) and Gucci NV have reached a strategic agreement in which the French retail company PPR is planning to invest $2.9 billion in the Italian firm. But the Enterprise Chamber of the Amsterdam Court has held up the deal while it reviews a hostile bid for Gucci from France's LVMH Moet Hennessy Louis Vuitton SA.

Diversified Companies, Wood & Wood Products, Wood Product Manufacturing, Leather & Products, Leather and Allied Product Manufacturing, Forest products industry, Pinault S.A., LVMH Moet Hennessy Louis Vuitton S.A., Leather industry, Leather goods, Gucci Guccio S.p.A., Printemps S.A., Redoute Catalogue S.A.

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