Kering, which owns fashion brands like Gucci, Saint Laurent and Balenciaga, still has a 15.7% stake after spinning off 70% of Puma to its shareholders last year.

Kering said on Thursday it planned to distribute 70 percent of Puma shares to its investors, leaving it with only a 16 percent stake, confirming an exclusive Reuters report.

Kering said on Tuesday that it had sold 8.8 million shares in Puma, 5.9% of the company’s stock, a day after it announced its intention to pare its stake in the footwear company. Shares in Puma fell 3.5% on Tuesday after French luxury group Kering said it had completed the sale of a 5.9% stake in the German sportswear company for approximately 656 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. Kering, which owns fashion brands like Gucci, Saint Laurent and Balenciaga, still has a 15.7% stake after spinning off 70% of Puma to its shareholders last year. Kering Sells Off 5.9% Stake in PUMA.

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Puma's largest shareholder remains Artemis, the holding company for the Pinault family that founded and controls Kering, which has a stake of just under 29%. Puma shares dip as Kering sells 5.9% stake French luxury group Kering (PRTP.PA) moved to reduce its remaining stake in Puma (PUMG.DE) on Wednesday by issuing bonds that can be exchanged for shares in the German sportswear brand. Shares in Puma PUMG.DE fell 3.5% on Tuesday after French luxury group Kering PRTP.PA said it had completed the sale of a 5.9% stake in the German sportswear company for approximately 656 million euros ($772 million). Kering relinquished some of its remaining PUMA shares on October 6, the Business of Fashion reports, triggering a small tumble in PUMA’s stock price. Specifically, Kering’s announcement that it had sold off its 5.9 percent stake, worth approximately €656 million EUR ($772 million USD), initiated a 3.5 percent drop for PUMA, the latest in the […] Since 2018, Kering has gradually reduced its stake in Puma after spinning off 70 percent of the company to its shareholders as part of a plan to refocus on its luxury division.

PUMA acquires majority stake in Dobotex Herzogenaurach, December 2, 2008 – Sportlifestyle company PUMA and its Dutch licensee Dobotex announced today, that PUMA will become the majority shareholder of Dobotex as of January 1, 2009, subject to approval by anti-trust authorities.

2018. • Distribution in kind of PUMA shares to Kering shareholders, confirming the Group's positioning as a luxury  Jan 12, 2018 Luxury brands owner Kering has decided to give up its majority stake in sports brand Puma to focus on its luxury offerings. This will see the  5 نيسان (إبريل) 2021 Barron's; صداقة علمي مركز الاطفال Kering to Spin Off Puma | News & Analysis | BoF ; قليلا الأطفال إنني جائع أنا جوعان Luxury group Kering to spin  Kering gives up majority stake in Puma to focus on luxury brands | Marketing Interactive · Kering plans to keep a stake in Puma for at least six months - News :   رجل عجوز اثار الضغط kering puma. 2021-03-31 19:56:33.

för Mammut symtom PUMA King Platinum FG/AG Men's Soccer Cleats Parent Company Kering Announces Plan To Sell 70% Of Its Stake 

A 41% controlling stake in Kering is held by Groupe Artémis, the private investment Shares in Puma SE fell in early trade Tuesday after French luxury-goods conglomerate Kering sold a 5.9% stake in the company for roughly 655.6 million euros ($772.7 million). Artémis, the Pinault family investment vehicle which holds a 40.9 percent stake in Kering, will become a “long-term strategic shareholder” in Puma, with a 29 percent stake.

Regulatory News: Not for distribution, directly or indirectly, in the United States of America, South Africa, Australia, Canada or Japan, Since 2018, Kering has gradually reduced its stake in Puma after spinning off 70 percent of the company to its shareholders as part of a plan to refocus on its luxury division. That move left the Pinault family’s private investment arm Artémis with a 29 percent stake and Kering with around 16 percent. Luxury group Kering said it intends to spin off a majority stake in Puma by distributing the stake to its own shareholders.
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The group led by François Pinault still had 15.7% of the capital.

Kering, which owns fashion brands like Gucci, Saint Laurent and Balenciaga, still has a 15.7% stake after spinning off 70% of Puma to its shareholders last year.
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2020-10-06 · Shares in Puma SE fell in early trade Tuesday after French luxury-goods conglomerate Kering sold a 5.9% stake in the company for roughly 655.6 million euros ($772.7 million).

Majority shareholder Kering has announced that it will sell its majority stake in Germany's second-largest manufacturer of sports goods. The Group wants to focus more on its luxury brands. The largest shareholding in Puma could soon be held by the French entrepreneurial family Pinault.

Kering Trims Puma Stake With $550 Million Bond The luxury group's bond issue, which is due in 2022, will be equivalent to 3.5-3.7 percent of the share capital of the well-performing sportswear brand. Selena Gomez for Puma | Source: Courtesy

The French company Since 2018, the group gradually reduced its stake in Puma after spinning off 70 percent of the company to its shareholders as part of a plan to refocus on its luxury division. That move left the Shares in Puma fell 3.5% on Tuesday after French luxury group Kering said it had completed the sale of a 5.9% stake in the German sportswear company for approximately 656 PARIS/BERLIN (Reuters) - Shares in Puma fell 3.5% on Tuesday after French luxury group Kering said it had completed the sale of a 5.9% stake in the German sportswear company for approximately 656 Shares in Puma SE fell in early trade Tuesday after French luxury-goods conglomerate Kering sold a 5.9% stake in the company for roughly 655.6 million euros ($772.7 million). The French company Kering Trims Puma Stake With $550 Million Bond The luxury group's bond issue, which is due in 2022, will be equivalent to 3.5-3.7 percent of the share capital of the well-performing sportswear brand. Selena Gomez for Puma | Source: Courtesy Kering's 550 million dollar bond issue is due in 2022, and will be the equivalent of between 3.5 to 3.7 percent of the share of capital of Puma. Despite Kering wanting to reduce its stake in the brand, Puma is actually performing very well. Going from 86 percent to 16 percent, Kering’s move to a minority stake in PUMA gives the Pinault family investment outfit Artémis a “long-term strategic shareholder” position with 40.9 percent Kering said on Thursday it planned to distribute 70 percent of Puma shares to its investors, leaving it with only a 16 percent stake, confirming an exclusive Reuters report.

the equal and opposite activity of “puma tourism” now taking place in a small  File:Puma store in Tel Aviv Israel.jpg - Wikimedia Commons.