France's PPR S.A. (KER.FR), home to brands such as Gucci, Bottega Veneta, Yves Saint Laurent and Puma, is in talks to buy a controlling interest in luxury watch maker Richard Mille, Reuters reported Monday on its website, citing a person in the industry with first-hand knowledge of the matter.
Under a plan being weighed, PPR would first take a 51% stake in the watch company with the possibility of raising its stake.
PPR and Richard Mille declined comment to Reuters.
Full story at: www.reuters.com/article/2013/06/17/us-ppr-richardmille-idUSBRE95G0N520130617
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