Posted on January 13, 2018

Kering to cut Puma stake

On January, 2018

The Pinault family-owned group is withdrawing from the sports-lifestyle segment, announcing its plan to cut its majority stake in Puma to focus on its luxury houses instead. François-Henri Pinault had given a strong indication of the decision ahead of its announcement by leaving Puma's board in 2017. The shareholders are pencilling in the date of 26th April 2018: during the Kering general assembly, they will be presented with the terms of the distribution in kind of Puma shares.

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