By  on November 13, 2013

PARIS — Kering, already hit by slowing demand for luxury, said Wednesday that its planned disposal of La Redoute and one-off charges at Puma would send its net income “down very significantly” in 2013 versus a year ago.

It is understood Kering plans to inject hundreds of millions of euros to recapitalize La Redoute before selling the struggling catalog retailer.

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