Kering to offload 70% stake in Puma

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Luxury retail giant Kering has announced plans to distribute a majority stake in sportswear brand Puma among shareholders, moving instead to focus on higher margin brands like Gucci and Stella McCartney. Kering plans to keep just a 16 per cent stake in Puma, offloading 70 per cent, as well a 29 per cent stake in Artemis, the holding company with a 40.9 per cent stake in Kering

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Kering to offload 70% stake in Puma

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