Reuters - PPR to Sell Redcats units to Nordic Capital

French luxury and sports-brand group PPR said on Monday its Redcats mail order unit had agreed to sell Scandinavian brands Ellos and Jotex to Nordic Capital for an enterprise value of 275 million euros ($362 million), writes Reuters. The sale of home shopping brand Ellos and textile and decoration brand Jotex to the private equity fund should be completed in the coming months, writes Reuters.

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