By  on April 26, 2018

PARIS — Kering pushed through with its plans to become a luxury pure player Thursday, winning shareholder approval for the spin-off of the bulk of its shares in German sportswear group Puma.

“Ten years ago, PPR was a retail group that generated 17 percent of its sales in luxury…last year, luxury represented 70 percent of Kering sales,” said Jean-François Palus, group managing director, referring to Kering’s previous name, PPR.

To continue reading this article...

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus