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Puma shares slump as luxury group Kering plans spin-off

Jan 12, 2018· Kering - controlled by France's Pinault family, which would end up with 29 percent of Puma after the spin-off through its Artemis holding - had been expected to …

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Jul 23, 2021· Meanwhile, ArcelorMittal SA (AS:MT) added 2.78% or 0.73 points to end at 27.16 and Kering SA (PA:PRTP) was up 2.72% or 19.80 points to 747.60 in late trade. The worst performers of the session were WFD Unibail Rodamco NV (AS:URW), which fell …

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Luxury group Kering to spin off Puma to its own shareholders

Jan 12, 2018· Gucci-owner Kering plans to spin off German sports brand Puma to the French conglomerate's shareholders to focus squarely on its luxury brands.. Kering said on Thursday it planned to distribute 70 ...

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Kering, which owns the Gucci brand, said on Thursday that it plans to distribute in kind about 70 per cent of the shares it owns in German athletic-wear brand Puma to Kering shareholders, as the ...

FDRA | Kering To Spin Off Majority Stake in Puma

Luxury group Kering said it intends to spin off a majority stake in Puma by distributing the stake to its own shareholders. The Paris-based company plans to ask shareholders to approve distributing 70 percent of Puma's outstanding shares, which would reduce Kering's stake to 16 percent from 86 percent.

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Luxury group Kering to spin off Puma to its own shareholders

Jan 11, 2018· By Arno Schuetze and Pamela Barbaglia FRANKFURT/LONDON (Reuters) - Gucci-owner Kering plans to spin off German sports brand Puma to the French conglomerate's shareholders to focus squarely on its luxury brands. 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.

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Nov 01, 2017· Kering has appointed Rothschild & Co to handle the potential spinoff of Puma, according to a report in the French business magazine Challenges.. Kering has declined to comment on the report, according to Business of Fashion.. The Paris-based firm's primary business is its luxury brands, including Gucci, Bottega Veneta and Balenciaga.

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Kering to Spin Off Puma | News & Analysis | BoF

Jan 11, 2018· PARIS, France — Kering is set to spin off German sportswear label Puma by distributing a majority of its stake to its own shareholders as part of the French conglomerate's long-held plans to focus purely on luxury. The company will distribute 70 percent of total Puma shares — worth about 3.5 billion euros at Thursday's closing price — thereby reducing its stake to 16 percent from 86 ...

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Puma-Aktie: Spin-off durch Kering belastet - FINANZEN.NET

Jan 15, 2018· Der französische Luxusmarken-Konzern Kering reduziert seinen Anteil am fränkischen Sportartikelkonzern Puma. Die Aktionäre reagieren verschnupft. 15.01.2018

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Kering To Spin Off Majority Stake in Puma | SGB Media Online

Jan 11, 2018· Luxury group Kering said it intends to spin off a majority stake in Puma by distributing the stake to its own shareholders. The spinoff is expected to lead to a greater free float of Puma stocks, providing investors an enhanced possibility to invest in Puma, and allowing the company to reaffirm its business strategy.

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