Puma dampens speculation of Kering sale plans
Puma, the listed German sports and leisure wear group, has dampened speculation its 86% shareholder Kering is planning to sell its stake, Boersen-Zeitung reported.
The German daily cited Puma CEO, Bjorn Gulden, who in response to the speculation said he has no indication from Kering that the French shareholder is planning to exit. Gulden noted he has good contact with the nine-director board which includes five Kering representatives.
The original article was published on page 7.
Boersen-Zeitung