300
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
By
Reuters
Translated by
Nicola Mira
Published
Jun 23, 2016
Download
Download the article
Print
Text size

François-Henri Pinault denies Puma is up for sale

By
Reuters
Translated by
Nicola Mira
Published
Jun 23, 2016

François-Henri Pinault, CEO of Kering, has stated to the Financial Times that the group will not sell its Puma subsidiary in the short term. "So far, we have no intention of selling Puma in the short term," he said.


Puma is expected to remain part of the Kering group for a few more years - Puma


Several analysts believe that a potential sale of the sport outfitter will not take place before 2017 at the earliest, once the company, now experiencing difficulties, recovers. While they estimated that the group's refocusing on luxury goods (Gucci, Bottega Veneta and Saint Laurent) would allow Kering shares to strengthen significantly on the stock market, they underlined that the loss it would have to incur still remains too high.

Kering, when it was still called PPR, acquired a majority stake in Puma in 2007, at a price of €330 per share. On Thursday the share traded at only €205.85 on the Frankfurt Stock Exchange.

After years of decline and loss of market share to its main competitors, Nike and Adidas, the German sports outfitter has started to recover, notably thanks to women's sports footwear, in partnership with singer Rihanna, who was appointed its Creative Director.



 

© Thomson Reuters 2024 All rights reserved.