{"id":464,"date":"2018-06-10T07:58:00","date_gmt":"2018-06-10T07:58:00","guid":{"rendered":"http:\/\/demo2.drfuri.com\/supro\/?p=1"},"modified":"2018-06-10T07:58:00","modified_gmt":"2018-06-10T07:58:00","slug":"kering-reinforces-luxury-status-by-distributing-puma-shares","status":"publish","type":"post","link":"https:\/\/drfurithemes.com\/supro\/2018\/06\/10\/kering-reinforces-luxury-status-by-distributing-puma-shares\/","title":{"rendered":"Kering Reinforces Luxury Status By Distributing Puma Shares"},"content":{"rendered":"

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KERING is distributing 70 percent of its stake in Puma to shareholders in order to focus on its luxury portfolio of brands.<\/div>\n

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K<\/span>ering\u2019s ambition is to continue to grow and develop its powerful ensemble of houses in couture, leather goods, jewellery and watches, leveraging on its high cash-flow generation and strong financial position, the French luxury goods group, which has Gucci, Saint Laurent, Alexander McQueen, Balenciaga, Christopher Kane and Stella McCartney in its stable, told WWD.<\/div>\n

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<\/div><\/div>[vc_column_text]The shift will see Kering reduce its stake to 16 percent from 86 percent, with Kering shareholder Artemis winding up with a 29 percent stake in the sports brand, and about 55 percent of Puma\u2019s stock free-floating on the stock market. [\/vc_column_text][\/vc_column][vc_column width=”2\/12″][\/vc_column][\/vc_row][vc_row][vc_column width=”2\/12″][\/vc_column][vc_column width=”8\/12″]
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When you love fashion, there is no weekend. Everything just blends together.
\nCARINE ROITFELD<\/cite><\/p><\/blockquote>\n

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<\/div><\/div>[vc_column_text]Fran\u00e7ois-Henri Pinault, chief executive officer and chairman, added that the distribution is a \u201csignificant milestone” in the company’s history: \u201cKering dedicating itself entirely to the development of its luxury houses, whose enduring appeal, built on creative audacity and innovativeness, will allow us to continue to gain market share and create value,\u201d he said.[\/vc_column_text]
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<\/div><\/div>[vc_column_text]We are proud to have supported the turnaround of Puma, which now has unrivalled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth.[\/vc_column_text][\/vc_column][vc_column width=”2\/12″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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