PPR announces that the transfer of Conforama to Steinhoff International is effective and that the full payment of the transaction was received under the terms announced on December 9, 2010.

About PPR

PPR nurtures a group of high-growth global brands distributed in more than 120 countries. Through its Consumer and Luxury brands, PPR generated revenue of €14.6 billion in 2010, and had approximately 60,000 employees at December 31, 2010. The PPR share is listed on Euronext Paris (FR 0000121485, PRTP.PA, PPFP).
To explore the PPR brand universe, please visit www.ppr.com :  the Luxury group (Gucci, Bottega Veneta, Yves Saint Laurent, Balenciaga, Boucheron, Sergio Rossi, Alexander McQueen and Stella McCartney), Puma, Fnac and Redcats (La Redoute, Vertbaudet, Somewhere, Cyrillus, Daxon, Ellos, The Sportsman's Guide, The Golf Warehouse and large size division brands).

 

Contacts
  
Press :
Charlotte Judet  +33 (0) 1 45 64 65 06  cjudet@ppr.com
Paul Michon       +33 (0) 1 45 64 63 48  pmichon@ppr.com

Analysts/Investors :
Alexandre de Brettes  +33 (0) 1 45 64 61 49  adebrettes@ppr.com
Emmanuelle Marque +33 (0) 1 45 64 63 28  emarque@ppr.com

Website: www.ppr.com