Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user
You will be redirected back to your article in seconds

Why Kering Is Backing Away From Puma

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Luxury giant Kering is offloading a 5.9 percent stake in German footwear and athleticwear company Puma, with the company selling approximately 8.9 million shares. Based on Puma’s closing share price of 93.60 euros ($114.10) on Wednesday, Kering would raise approximately 833 million euros ($1 billion) in the sale. The luxury titan said it will announce…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!