Puma Plunges as Gucci Owner Kering Moves to Shed Its Stake

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  1. Puma Plunges as Gucci Owner Kering Moves to Shed Its Stake  Bloomberg
  2. Luxury group Kering to spin off Puma to its own shareholders  CNBC
  3. Puma CEO says has no plans to take on other brands  Channel NewsAsia
  4. Full coverage



Gucci parent Kering is returning its ill fitting Pumas. The French company's plan to give up control of Puma SE, focusing solely on luxury and catwalk brands like Stella McCartney and Saint Laurent, sent the German sportswear outfitter plummeting percent in early Frankfurt .Puma SE plummeted essentially the most in years after Kering introduced plans to surrender management of the German sportswear clothing store, focusing solely on luxurious and catwalk manufacturers like Gucci and Saint Laurent. Under the phrases of the settlement, Kering will distribute to its .Puma SE plummeted the most in several years after Kering announced designs to give up command of the German sportswear clothes shop, focusing exclusively on luxury and catwalk brand names like Gucci and Saint Laurent. Below the terms of the agreement, Kering will distribute to its traders p.c .Puma Plunges as Gucci Owner Kering Moves to Shed Its Stake BloombergLuxury group Kering to spin off Puma to its own shareholders CNBCPuma CEO says has no plans to take on other brands Channel NewsAsiaFull coverage Source link..







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