PPR SA. is reportedly seeking to acquire Pomellato S.p.A., sources close to the matter said. According to sources, PPR was a front-runner after offers from other potential buyers including Damiani SpA do not work out.

A source with first-hand knowledge of the transaction said, "It is very very close. The Damiani family submitted an offer with a private equity fund, but PPR won." Also, a banking source said PPR was near closing the acquisition which would value it at around €350 million or 15 times the company's earnings before interest, tax and depreciation (EBITDA). Pomellato declined comment on talks with PPR, and said, "The company is considering strategic options for its future." PPR declined comment to Reuters.