As part of Kering’s repositioning on the luxury and sport & lifestyle segments, the Group is finalising its disposal of Redcats.
Kering has completed the sale of The Sportsman’s Guide and The Golf Warehouse to Northern Tool + Equipment (NTE).
The Cyrillus and Vertbaudet brands have been acquired by Alpha Private Equity Fund 6.
The plus-size business of Redcats USA (OneStopPlus Group) were sold to Charlesbank Capital Partners and Webster Capital, two private equity firms.
The brands Ellos and Jotex were taken over by Nordic Capital Fund VII.
In addition, on 4 December 2013, Kering entered into exclusive negotiations with Nathalie Balla, chairman and CEO of La Redoute, and Eric Courteille, chief administrative officer of Redcats, who presented a take-over plan for La Redoute and Relais Colis, supported by a team of managers from these companies.
We will keep you informed of future developments.