Kering sells one-third stake in Puma for $769M
Kering has sold a 5.9 percent stake in sports footwear brand Puma for $769.2 million, freeing up cash for the French luxury conglomerate.
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China, Gucci, The RealReal, Kering, Puma, De Beers and Kenzo
Luxury Daily’s live news: Growing inbound travel in China concerns Western luxury brands; Gucci partners with The RealReal to sell pre-owned pieces online; Kering to divest part of its Puma stake to free up cash; De Beers Group debuts collaboration with a focus on sustainability; “French-at-heart” Japanese designer Kenzo Takada passes away at 81.
Day’s wrap: China, Gucci, The RealReal, Kering, Puma, De Beers and Kenzo
Luxury Daily’s live news: Growing inbound travel in China concerns Western luxury brands; Gucci partners with The RealReal to sell pre-owned pieces online; Kering to divest part of its Puma stake to free up cash; De Beers Group debuts collaboration with a focus on sustainability; “French-at-heart” Japanese designer Kenzo Takada passes away at 81.
Kering to divest part of its Puma stake to free up cash
Kering will divest almost one-third of its stake in sports footwear giant Puma as the French luxury conglomerate further refines its focus on luxury and also strengthens its balance sheet.
Kering Foundation focuses on domestic violence awareness in filmmaking contest
French luxury group Kering is returning as a sponsor and partner for a filmmaking competition that supports women in more ways than one.
Kering, McLaren, podcast on luxury, and Future of Luxury eConference
Luxury Daily’s live news: Kering and member brands support singer Mika’s “I love Beirut” benefit concert; British sports car giant McLaren debuts new showroom concept in Paris; Podcast: Luxury Daily’s editor on the future of luxury; Your last chance this year to hear 42 speakers discuss future of luxury.
Day’s wrap: Kering, McLaren, podcast on luxury, and Future of Luxury eConference
Luxury Daily’s live news: Kering and member brands to support singer Mika’s “I love Beirut” benefit concert; British sports car giant McLaren debuts new showroom concept in Paris; Podcast: Luxury Daily’s editor on the future of luxury; Your last chance this year to hear 42 speakers discuss future of luxury.
Kering and member brands to support singer Mika’s “I love Beirut” benefit concert
French luxury conglomerate Kering and its labels will support a concert organized by Lebanese-British singer Mika to benefit the victims of the double explosion in Beirut on Aug. 4.
Mercedes-Benz, Microsoft, Kering, Kerby Jean-Raymond and Hennessy
Luxury Daily’s live news: Mercedes-Benz USA, Microsoft launch first mixed-reality automotive maintenance system; Kering partners with US designer Kerby Jean-Raymond for “Your Friends in New York” talent platform; 5 key steps in the 2020 grape harvest for Hennessy Cognac; Luxury’s landscape is rapidly shifting. Find out how.
Day’s wrap: Mercedes-Benz, Microsoft, Kering, Kerby Jean-Raymond and Hennessy
Luxury Daily’s live news: Mercedes-Benz USA, Microsoft launch first mixed-reality automotive maintenance system; Kering partners with US designer Kerby Jean-Raymond for “Your Friends in New York” talent platform; 5 key steps in the 2020 grape harvest for Hennessy Cognac; Luxury’s landscape is rapidly shifting. Find out how.