It was about time to spread the story (again) that French luxury and lifestyle group Kering is unhappy with Puma’s performance and willing to sale its majority stake in the German sporting goods company. The story is not new, but the rumors have helped to lift Puma’s stock value to its highest level for two years […]
Footwear News reports that it has heard that VF Corp., which owns brands like The North Face, Lee, Jansport, Eastpak and others, is still considering acquiring Puma. The majority shareholder of the German sporting goods company is currently Kering, the French group behind luxury labels such as Gucci and Yves Saint-Laurent. Kering denied it would be willing to sell, […]
The German sports and lifestyle brand is re-organizing its licensed eyewear business, including sunglasses and optical frames, by the end of the current year. Effective January 2016, Puma will join its majority shareholder’s move in establishing Kering Eyewear. Simultaneously, the brand will end the licensing agreement with its long time partner, Charmant, in the eyewear […]
Kering, the French group which owns a number of luxury brands, including Gucci and Yves Saint Laurent, and also controls Puma and other sports brands such as Tretorn, Cobra Golf and Volcom, is getting bullish about Alibaba allegedly not doing enough to combat the extensive offer of counterfeits on its websites. As a result, Kering is now […]
Kering, the French majority owner of Puma, has reported mixed results for the first quarter of 2015. Sales were up by 11.4 percent to €2.7 billion, but excluding non-recurring items, such as acquisitions and currency effects, turnover slipped by 0.6 percent. The good news was that Puma impressively boosted its global sales by 13 percent […]
François-Henri Pinault, chief executive of Kering, the majority shareholder of Puma, has denied plans to sell its 86 percent stake in the German sporting goods and lifestyle brand, whether fully or partly. It was said that Pinault still sees reasonable potential in Puma, whose majority Kering – then named PPR – acquired in 2007. At the […]
According to Bloomberg, executives familiar with French luxury group Kering, have unofficially confirmed that Kering has been looking for a buyer who would take over the majority in Puma that Kering holds. The publication says that talks began earlier this year, but so far no further negotiations have been opened. Apparently, funds in the Middle East, such as […]
Puma has granted a license for personal care items to L’Oréal, the big French group of beauty products, effective from January next year. The agreement succeeds the current license contract with U.S. consumer goods giant Procter & Gamble (Gillette, Wella, Braun, Kukident and many more). Puma’s deal with P&G expires on Dec. 31, 2014. The […]
Back in April, not much was known about Kelly Slater’s future plans. The multiple surf world champion had just ended his endorsement by Quiksilver after 24 years. It was said that he planned to launch his own brand of sports apparel that the big French Kering group was willing to assist with sourcing, e-commerce and back office support. Kering controls a […]
The Kering group, which controls or owns a wide range of luxury, sports and lifestyle brands, including Gucci, Puma, Volcom and Cobra has assessed its potential in the eyewear market. The French corporation sees double-growth in this category. As such, Kering no longer wants to license this business, but to take it into its own […]