FRENCH LUXURY OUTFIT BUYS 007 SUITMAKER

LUXURY French retail group PPR yesterday said it has agreed terms to acquire the Italian suitmaker that once clothed Pierce Brosnan’s James Bond (pictured), beefing up its presence in high-end men’s fashion. PPR, owner of Gucci and Yves Saint Laurent, did not disclose the price it paid for family-owned Brioni, but analysts estimate Brioni’s enterprise value at €275m (£236m), including €100m in debt.