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Media report: Kering confirms search for Puma buyers

puma_352023_2According 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 Qatar, as well as Asian investors were approached. The article does not mention a further rumor, which we reported earlier this month that the U.S. group VF Corporation might be interested in the German sports and lifestyle brand. Kering, which owns a couple of luxury brands including Gucci, took control of Puma in 2007 and currently holds a majority of some 86 percent of the shares.

 

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