Pinault-Printemps-Redoute (PPR) Chairman and CEO Francois-Henri Pinault attends the company’s 2008 annual results presentation in Paris February 19, 2009. French retail and luxury group PPR will cut costs in 2009 to boost its competitiveness in the current downturn after posting a drop in fourth-quarter sales and full-year underlying profits. REUTERS/Gonzalo Fuentes (FRANCE)
