PPR SA, the French owner of Gucci trying to spin off its Fnac book and electronics stores, is seeking a valuation of about 400 million euros ($519 million) for the business, people with knowledge of the process said.
PPR SA, the French owner of Gucci, predicted another year of growth in 2013 amid an increasing focus on luxury goods and reported profit that beat estimates, lifting the shares to the highest price in more than 11 years.
PPR SA may rise in Paris trading after saying it’s confident of revenue and profit growth in 2012 and reporting a 16 percent gain in third-quarter sales, led by demand for luxury goods such as Gucci bags and Bottega Veneta wallets.
After graduating at the top of her class in international business at Ohio State University in Columbus, Bavleen Sawhney had the chance to join a top Indian bank or consulting firm. Instead, she became a personal shopper.