PPR Spinoff of Fnac May Signal Lack of Buyers for Retail Chain

Since it made the decision to concentrate on luxury and sporting-goods almost three years ago, PPR SA has had more than a few distractions.

A simple plan to exit businesses that didn’t meet the strategy has proved anything but, as the owner of the Gucci brand has struggled to sell the Redcats online retailing unit and the Fnac music and electronics chain.