Redcats could be sold in just a few months |
In 2010, Redcats reported a total sales turnover of 3.43 billion euros, up 1.5% from 2009. Its current operating income also progressed from 100 million euros in 2009 to 165 million last year. Redcats’ presence is made up of several subsidiaries spread across 31 countries and claims to be among the top three online clothing retailers in the world. In fact, that is where 54% of its revenue comes from.
We know that PPR has plans to become more focused and thus to transfer its remaining non-strategic subsidiaries, meaning the ones that do not belong either to its luxury division, containing Gucci group, nor its sports and lifestyle unit, which includes Puma. That was the fate met by Conforama, which PPR sold some months ago. Now, Redcats and Fnac are next on the list.