PPR SA , the owner of Gucci and Puma, ruled out making big acquisitions and repeated it will target mid-sized companies with high-growth potential as it reorganizes around luxury goods, sports and lifestyle items.
When he reached his late 20s, Ryan Meade watched his friends get “kind of fat” as they married and settled down. To fight the pudge, he took up obstacle racing -- endurance contests where he slogs through deep mud, scales walls and slithers under barbed wire.
Metro AG, Germany’s biggest retailer, has spent much of the past four years trying to hive off department stores, supermarkets and other assets. With little to show for the effort other than a sinking stock price, the nation’s benchmark index today hived off Metro instead.
Steinhoff International Holdings Ltd. , Africa’s largest furniture maker, entered into exclusive talks to buy PPR SA ’s Conforama chain for 1.2 billion euros ($1.59 billion) in cash to strengthen its position in Europe.