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Press Release:

Following a complete transformation, the Group is changing its name to reflect its new identity.

The Group’s change of name will be subject to the approval of the annual general meeting to be held on 18 June 2013.

Since 2005, PPR has undertaken a radical transformation. In a few months’ time, the new Group will have left the distribution sector completely. From a conglomerate focused on primarily European distribution activities, in the space of a few years, PPR has become a cohesive, integrated and international group.

It is now focused on a single business: apparel and accessories, across two fast growing segments: Luxury and Sport & Lifestyle brands.

PPR has developed a portfolio of powerful complementary brands, all with great potential for organic growth: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, Stella McCartney, Sergio Rossi, Boucheron, Girard-Perregaux, Jeanrichard, Qeelin, Puma, Volcom, Cobra, Electric and Tretorn.

“Changing our identity is   …  More

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The Australian Securities Exchange (ASX) has agreed to halt trading of Billabong’s stock until Monday, March 25 or until the company releases an announcement. Billabong said the halt was necessary to investigate trading levels of its shares yesterday.

Shares of Billabong (BBG:AX) plunged over 14% yesterday on heavy trading, with more than 9.2 million shares changing hands compared to the three-month daily average of 2.7 million   …  More

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Billabong International Ltd. has set a March 28 deadline for its two suitors to make final bids, an unattributed source told The Wall Street Journal.

As reported, VF Corp. and Altamont Capital Partners in mid-January submitted a buyout offer for Billabong that values the Australian surf company at about $1.16 a share, or $556 million. VF is seeking to   …  More

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Quiksilver, Inc.(NYSE:ZQK) jumped +4.44% and closed at $6.59 in the last trading session with the overall traded volume of 2.01 million shares, less versus the average volume of 2.72 million shares. The company earlier had confirmed changes to its lineup of brands during its recent quarterly earnings call with analysts.

Its Quiksilver brand is set to exit the women’s business  …  More

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