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About Redcats

PPR has transformed itself from a conglomerate to the world's third-largest luxury group (behind LVMH and Richemont). PPR's stable of global luxury brands includes a 99% stake in Italian luxury goods company Gucci Group, and luxury brands Alexander McQueen, Balenciaga, Boucheron, Bottega Veneta, Stella McCartney, and Yves Saint Laurent, among others. The – more... group's other activities include the multichannel merchant Redcats, Fnac music and book stores, and the German athletic shoemaker PUMA. More than half of PPR's sales are generated outside its home country. The company is refocusing its operations on the luxury goods and sport and lifestyle retail sectors, through selective acquisitions and divestments.

Further adding to its portfolio of luxury labels, in 2013 PPR acquired a 51% stake in the luxury designer brand Christopher Kane, whose fashions have been worn by the Duchess of Cambridge. PPR completed its takeover of Italy's menswear-only brand Brioni in January 2012. Brioni's fashions are sold in more than 75 company-owned boutiques and 500 wholesale outlets worldwide. Far removed from the realm of sophisticated men's apparel, in mid-2011 PPR made US action sports youth brand Volcom a wholly-owned subsidiary via a tender offer for the California company's shares in a deal valued at $608 million. The Volcom purchase furthers PPR's aim to building a "sportlifestyle" (defined as sports performance business that caters to its customers' lifestyle) business. Volcom supplies clothes and accessories to action sports enthusiasts, such as surfers and snowboarders.

On the luxury side of the group, PPR's 51%-owned Alexander McQueen fashion house scored a huge coup in 2011 when Creative Director Sarah Burton, who succeeded McQueen following his death in 2010, was chosen to design the gown worn by the Duchess of Cambridge at her April wedding to Britain's Prince William. To grow its luxury goods business, PPR is looking beyond mature markets in Western Europe and North America to emerging markets, including China. (Emerging markets accounted for 35% of the group's luxury business in 2010.) Paris jewelry house, Boucheron, is expanding in China where it already operates several stores. Under the terms of the deal with its partner Peace Mark Group, the jewelry chain will open 10 more stores in China over the next five years. Chasing after healthy jewelry consumption in China, PPR bought a majority stake in jeweler Qeelin in late 2012 to open stores on the mainland and Hong Kong. PPR is also strengthening its luxury watch business. In mid-2011 the company took control of Switzerland-based Sowind Group, which makes timepieces under the Girard-Perregaux and JeanRichard brands. PPR, which held a more than 20% stake in the Swiss watchmaker, boosted its holding to 50.1%.

The company sold its Conforama chain of household furniture and appliance stores to South Africa's Steinhoff International Holdings (SIH) in early 2011. The deal, valued at €1.2 billion (about $1.6 billion), was in keeping with the group's refocusing. The odd-man-out in PPR's portfolio is book-and-music retailer Fnac (31% of 2010 sales), considered the next likely target for disposal. A leading retailer in France, where it rings up about two-thirds of its total sales, Fnac stores sell books, CDs and DVDs, personal computers, software, computer games, cameras, and audio and video equipment. The chain operates about 150 stores in France, five other countries in Europe, and Brazil.

Another bad fit with the group's stated strategy is Redcats Group, the international catalog-and-Internet retailer. Redcats operates about 70 e-commerce sites and includes the La Redoute and the Redcats USA businesses, a multichannel retailer focused on plus-size apparel, and home and leisure goods. Redcats USA also operates about 460 AVENUE plus-size apparel retail stores in some three dozen US states. In 2012 PPR began shopping its OneStopPlus online fashion mall business, a Redcats unit,  for up to $500 million.

PPR's luxury brands outperformed its other operations in 2010, with sales increases in the double digits compared with 2009. The rebound it the demand for luxury goods in mature markets, and growing demand in developing economies, drove sales gains across the group's luxury holdings. By comparison, Fnac, Redcats, and PUMA posted sales gains in the low single digits. Overall, 2010 group revenue increased more than 7% vs. the prior year, when restated to account for the discontinuation of Conforama. Recurring net income from continuing operations jumped 56% over the same period.

PPR is run by François-Henri Pinault, the son of its founder François Pinault. Self-made billionaire François Pinault has a cache of prestigious businesses, including auction house Christie's. His investment firm, Artémis, owns more than 40% of PPR. – less

Redcats Employer Reviews
Customer Service/ Sales (Former Employee), El Paso,TexasJune 11, 2015
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Telemarketer (Former Employee), El Paso, TXDecember 29, 2013
Customer Service Representative (Former Employee), El Paso, TXNovember 25, 2013
Redcats Salaries
Customer Service Associate
$9.00 per hour
Based on 7 employees