PPR has conducting exclusive negotiations with the Chantelle group regarding the sale of Orcanta for an enterprise value estimated at 42.5 million euros.
France's leading lingerie company, the Chantelle group operates under three brands: Chantelle, Passionata and Darjeeling.
The Chantelle group has a turnover of over 300 million euros, of which more than 60% is generated outside France.
The Orcanta lingerie chain was established in 1996 and operates 64 stores in France. In 2005, Orcanta recorded revenue of 49 million euros.
PPR is a global player in Retail and Luxury Goods, with approximately 84,000 employees in 74 countries.
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