PPR Confirms It’s in Talks to Acquire Chinese Luxury Company

PPR SA, the French owner of Gucci, said it’s in discussions to buy a Chinese luxury company to bolster growth in its largest market for high-end goods.

Talks are at an early stage and the acquisition may be completed this year, PPR Chief Executive Officer Francois-Henri Pinault said in an interview in today’s Hong Kong Economic Times. PPR spokesman Paul Michon confirmed the interview when contacted by Bloomberg News, though declined to comment further.