PPR announced that it has completed its acquisition of 100% of Brioni shares in accordance with the terms announced on November 8th, 2011, after having received clearance from the antitrust authorities.
PPR nurtures a group of high-growth global brands distributed in more than 120 countries. In 2010, PPR generated revenues of €14.6 billion and had over 60,000 employees at year end. The PPR share is listed on Euronext Paris (FR 0000121485, PRTP.PA, PPFP).
Brioni, an independent family-owned company since 1945, is an exclusive brand of tailored clothing.
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