Kering strengthens its firepower (in terms of liquidity) with an additional 800 million euro for potential future acquisitions. It does so by selling its ownership stake in Puma (5.9%). Hugo Boss may now be in the perimeter of interest, given that Frasers Group has stated that it will not make an offer for the German…
Mergermania: Frasers no longer has an interest in Hugo Boss, but Kering may do
