Skadden Arps Slate Meagher & Flom and Gide Loyrette Nouel have taken lead roles on a €1.2bn (£1bn) disposal by Gucci owner PPR.

Skadden has advised French luxury goods and retail group PPR on the deal, which will see PPR offload its furniture and household goods brand Conforama to South Africa-listed manufacturing and retail group Steinhoff International Holdings.