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…
