Artemis (Kering) sells Puma, but fails to sell Valli

Artemis (Kering) sells Puma, but fails to sell Valli

Artemis, the investment holding company of the Pinault family (Kering), sells its majority stake in Puma to Anta Group for €1.5 billion, which allows it to achieve two objectives. The first: reducing its level of debt. The second: enabling the Chinese sneaker group to become a global competitor to giants such as Nike and Adidas….

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