gucci: ppr assumes 100% control of the iconic fashion houseDarrois Villey Maillot Brochier and Wachtell Lipton Rosen & Katz have teamed up to advise Pinault Print-emps Redoute (PPR) on the $2.74bn (£1.5bn) purchase of Gucci, as the two firms secure their second headline French deal in as many months.

The agreed deal sees PPR launch a $2.74bn (£1.5bn) bid for the remaining 32% stake in Gucci that it does not already own, handing the French retail group 100% control of the iconic fashion house.