Report. The Journal du Dimanche revealed the intention of the PPR group to sell the companies Fnac and La Redoute, in order to refocus on the luxury industry. A look back at what happened six years ago, through the resale and purchases of various brands. Interviews with François CHAULET, Director of Montsegur Finance, Stéphane LACROIX, author of "Luxury and brand licenses", and Fabrice PEETERS, CGT delegate of La Redoute, alternate with a commentary on illustration images and infographics. [Source: Documentation France 3] The PPR group will announce next week the sale of its distribution division, which includes the brands Fnac and La Redoute, in order to complete its refocusing in luxury, said the Journal du Dimanche (JDD) A divestiture of PPR’s distribution activities is long overdue. For several years, the group led by François-Henri Pinault has been gradually withdrawing from this sector in order to refocus on luxury and sports/lifestyle, which are much more profitable activities. In this context, it has already sold the Printemps department stores in 2006, then the furniture company Conforama in 2011, and this summer CFAO, specialist in automotive and pharmaceutical distribution in Africa and Overseas. For investors PPR has too many enseinges: Luxury with Gucci and Saint Laurent, Sport with Puma, remote sale with La Redoute, leisure with Fnac. The Redoubt has already lost half its workforce.
The group "PINAULT Spring" absorbs "the redoubt". Archives of the redoubt. Meeting "Pinault Spring" "the dread". Jean Claude SARAZIN (chairman of the "La Redoute" group). Interview Pierre BLAYAU (Chairman of the Board "PINAULT printemps").
On the verge of bankruptcy in 1985, the PINAULT group bought Isoroy in September 86. The company is today the flagship of the Pinault group with its production of plywood and particle board. Its projected turnover for 88 is 1 billion 850 million francs, that is to say a quarter of the turnover of the PINAULT group). These results are also explained by the elimination of a thousand jobs in its three Norman factories in Lisieux, Saint Pierre de Dives and Honfleur. Isoroy goes public today. Interview with Michel BADIN, director Isoroy Lisieux on the method of François PINAULT thanks to a better management method and investments
A look back at the thirty-year history and success of 53-year-old Breton businessman François PINAULT, from the family sawmill in Tréverien to the creation of his first company in 1963 to his CEO’s office overlooking the Eiffel Tower. Editing of archives and testimony of Michel THEBAULT, wood dealer in Tréverien and Daniel ROUILLIER, president of the Chamber of Commerce and Industry of Saint Malo on François PINAULT, industrial, financial and commercial.
Isoroy, the first European wood processing company, has just been bought by the Pinault group, 900 jobs will be lost. A look back at Pinault and the story of its CEO, François PINAULT, who founded his company in 1963. The PINAULT company, which has already taken over several companies, now handles the wood industry from a to z. Images of the warehouses of the Pinault company, which manufactures furniture and exports wood boards internationally.
Information day on wood organized by the company PINAULT with professionals of the wood industry. The Pinault Company imports wood through the port of Saint Malo which it transforms on site thanks to very modern equipment including a planing chain. Explanations by Jean Yves BOUVIER, Pinault Bretagne
The PINAULT group and the Canadian group Cascades are the buyers of the Darblay Chapel paper mill that the state no longer wanted to subsidize. Statement by François PINAULT, CEO of Pinault France and Bernard CASCADES, CEO of the Cascades Group.
Produced in Paris, this report is devoted to the links between Executive Life and the holding Artemis, then headed by businessman François PINAULT. France has until December 1 to reach an agreement on the amount that the French billionaire must pay to the American justice system. Alternating archive images, factual images, explanatory infographics, and interviews with Arnaud MONTEBOURG, Socialist MP (PS), and François D'AUBERT, UMP MP.
The number Un du bois français the Pinault France group also established in France thanks to its DIY stores has just bought the company Collomb specialized in the manufacture of kitchen furniture, kit furniture, chairs and furniture for nursery schools, the company had filed for bankruptcy last year and placed in receivership after investments too heavy. Interview with Chirstian COLLOMB, Director of Etablissements Collomb SA welcoming this acquisition because of the new financial contributions that the Pinault group will bring and with Didier BLANCHON, Groupe Pinault France on the planned development strategy of the company Collomb in the manufacture of kit furniture for sale abroad due to the more constrained French economic market.
The Tribunal de Grande Instance of Saint Malo and then on appeal the Court of Appeal of Rennes have sentenced the company Pinault France for neighborhood disturbances. Installed since 1972 in the industrial zone North of the port of Saint Malo, the company is accused of sawdust pollution by its neighbor, the company Euroma manufacturing car accessories and underwear causing wear and tear of its looms. Interview with Jean LE PRINCE, Director-General Pinault France blaming this iniquitous condemnation when 150,000 francs of investment were made last year to make all the necessary improvements and carry out anti-pollution improvements and plans to leave the industrial zone harbour of Saint Malo in the case of a definitive condemnation and with Henri GAUTTIER, member of the works council through solidarity with the company and for the protection of their jobs.
A look back at the acquisition of Isoroy, a company specialized in the manufacture of plywood furniture by the Pinault France group, number one in the wood industry, chosen by the Tribunal de Commerce de Caen. This acquisition allows France to save on imports of plywood.
Despite the timber crisis, PINAULT-France is booming. The seat is in Pacé in Brittany. It has several subsidiaries, especially in the west. Its main activity is wood, whose success is due to the will of those who work. Wood is a raw material. After the 1974 timber crisis, its director took risks, but not alone. He will have to wait until 1975 to recover. There are 2 types of wood: wood for construction and luxury wood for furniture.
The Pinault-Printemps-La Redoute group led by François PINAULT is making an offensive in the world of luxury by buying 40% from Gucci and 100% from Sanofi Beauté (Yves Saint-Laurent, Roger Gallet, Van Cleef & Arpels...) without the knowledge of Bernard ARNAULT, President of LVMH who has been coveting both brands for months. In response, Bernard ARNAULT plans to launch a takeover bid on 100% of Gucci’s capital. Interviews with François PINAULT, president of Artémis and Pierre BERGE, president of Yves Saint Laurent.
François PINAULT took over Gucci coveted by Bernard ARNAUD and acquired 40% of the capital of the Milan company. Gucci, with this market, became the majority shareholder of Yves SAINT-LAURENT. Through this operation, he acquired cosmetics and ready-to-wear while haute couture went to Yves SAINT-LAURENT. Pierre BERGE is satisfied with this operation which prepares the future of the company.
François PINAULT began his career in the woods. His father owned a small sawmill near Saint-Malo. He then created his own company. In the 1970s and 1980s, it expanded and bought companies for a symbolic franc. It diversified its activities in the early 1990s. He then bought Conforama, La Redoute, then FNAC. He created a financial holding company in July 1992 and gave it the name of Artémis