La Redoute: the €1 sale that ended Kering's 20-year mail-order bet
France's catalogue-shopping institution lost money every year as sales fell 10%; in 2014 Kering recapitalized it, then sold it to its own managers for €1.
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France's catalogue-shopping institution lost money every year as sales fell 10%; in 2014 Kering recapitalized it, then sold it to its own managers for €1.
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