La Redoute sale likely within fortnight
La Redoute, the online and mail order sales company due to be sold by French mega retail group Kering, will likely be sold by mid-November, French-language newspaper Journal du Dimanche reported.
Without clear sourcing, the item mooted a mid-November time frame for the sale. This was in the context of this week’s planned demonstration by La Redoute workers against possible job cuts.
Journal du Dimanche noted the same potential buyers of the group as reported earlier - funds OpCapita, HIG or Altarea Cogedim.
In a related item in the same paper, Lille Mayor Martine Aubry expressed unhappiness with developments and noted her team plans to visit the Kering offices in Paris this week to discuss the matter. She also indicated no knowledge of the would-be buyers but expressed concern about what kind of business plan financial buyers might offer and their intentions to meet with local officials or not.
The first item quoted sources close to developments as suggesting the parent company would offer a sweetener to possible buyers in the EUR 300m range.
Source Journal du Dimanche