Luxury group Kering to spin off Puma to its own shareholders

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  1. Luxury group Kering to spin off Puma to its own shareholders  CNBC
  2. Kering shares touch record highs on Puma spin-off deal, but Puma shares slump  Daily Mail
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FRANKFURT LONDON Reuters Gucci owner Kering PRTP.PA plans to spin off German sports brand Puma PUMG.DE to the French conglomerate's shareholders to focus squarely on its luxury brands. Kering said on Thursday it planned to distribute percent of Puma shares to its .Kering, owner of the Gucci brand, plans to become a pure luxury goods company by distributing most of its stake in German sportswear business Puma to shareholders. The French group said it would spin off a per cent stake in Puma, reducing its holding to about per cent, exiting the company which .Gucci owner Kering PRTP.PA plans to spin off German sports brand Puma PUMG.DE to the French conglomerate s shareholders to focus squarely on its luxury brands. Kering said on Thursday it planned to distribute percent of Puma shares to its investors, leaving it with only a percent stake, .Gucci owner Kering plans to spin off German sports brand Puma to the French conglomerate s shareholders to focus squarely on its luxury brands. Kering said on Thursday This specific planned to distribute percent of Puma shares to its investors, leaving This specific with only a percent stake, .







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