
Shares in Puma fell 3.5% on Tuesday after French luxury group Kering said it had completed the sale of a 5.9% stake in the German sportswear company for approximately 656 million euros ($772 million).
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Shares in Puma fell 3.5% on Tuesday after French luxury group Kering said it had completed the sale of a 5.9% stake in the German sportswear company for approximately 656 million euros ($772 million).
Designer Kerby Jean-Raymond and French luxury giant Kering have announced the creation of Your Friends in New York, a novel new platform designed to empower a next generation of innovators.
Courrèges, a brand controlled by Artemis, the Pinault family investment arm, announced Thursday the appointment of Nicolas Di Felice as the house’s new Artistic Director, effective today.
The house of Giambattista Valli has appointed Charlotte Werner to be its new Chief Executive Officer, as the house’s recent investor Artémis helps to boost the management of the critically acclaimed couturier and house.
The French luxury group has published its first ever dedicated biodiversity strategy, one of the main pillars of which is a 5 million-euro fund for the development of regenerative agriculture.
The investment company owned by the Pinault family, the sports brand’s main shareholder since 2018, has announced an offering of bonds convertible into Puma shares for a total worth of €500 million.
The French ready-to-wear label owned by Artemis, the Pinault family’s equity investment arm, has appointed a new president, Adrien Da Maia.
The luxury group, severely affected by the Covid-19 pandemic like other industry competitors, has diversified its funding sources with a bond issue worth €1.2 billion in total.
ANDAM, the historic French award for emerging talent, has announced a different format for 2020 due to Covid-19. And the new focus will be very definitely French.
Francois-Henri Pinault, the head of French group Kering, has agreed to give up a quarter of his fixed wages for the rest of the year and the entirety of his variable compensation for 2020, the company said Friday.