PPR : PPR : Closing of the sale of Vertbaudet and Cyrillus

          PPR : PPR : Closing of the sale of Vertbaudet and Cyrillus

Closing of the sale of Vertbaudet and Cyrillus

Kering* announces that Redcats has closed the sale of its Children and Family
division, consisting of the Vertbaudet and Cyrillus brands, to Alpha Private
Equity Fund 6 ('APEF 6'), for an enterprise value of €119 million. The
purchase price was paid in accordance with the terms of the sale signed
between the two parties.

* PPR will become Kering, subject to approval at the Annual General Meeting on
18 June 2013.


About Kering*
A world leader in apparel and accessories, Kering develops an ensemble of
powerful Luxury and Sport & Lifestyle brands: 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. By 'empowering imagination' in the
fullest sense, Kering encourage its brands to reach their potential, in the
most sustainable manner.
Present in more than 120 countries, the Group generated revenues of €9.7
billion in 2012 and had 33,000 employees at year end. The PPR (in future
Kering) share is listed on Euronext Paris (FR 0000121485, PRTP.PA, PPFP).
* PPR will become Kering, subject to approval at the Annual General Meeting on
18 June 2013.

About Alpha Private Equity Fund 6 ('APEF 6')
APEF 6 specialises  in leveraged  buy-out and  capital development,  targeting 
medium-sized companies (enterprise value  between €50-500m) in France,  Italy, 
Benelux and Switzerland. APEF 6 backs managers of growing companies that enjoy
a  strong  and  strategic  position  in  their  markets.  They  are  generally 
family-owned companies or spin-offs from large corporations.

Contact presse AFEP 6
Patricia Desquesnes  +352 27 47 07 28 
patricia@alphape.com

Contacts Kering

Presse
Paul Michon +33 (0)1 45 64 63
48 paul.michon@kering.com
Hélène Saint-Raymond +33 (0)1 45 64 61 20
 helene.saint-raymond@kering.com

Analystes/investisseurs
Alexandre de Brettes + 33 (0)1 45 64 61
49 alexandre.debrettes@kering.com
Edouard Crowley + 33 (0)1 45 64 63 28
edouard.crowley@kering.com

Site Internet: www.kering.com
PRPPRClosingVertbaudetCyrillus

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