World Footwear

Companies

Puma officially leaving Kering

May 17, 2018 Germany
Puma officially leaving Kering
The exit of Puma from Kering is now effective following the implementation of the distribution in kind of Puma SE shares
Following the approval of the transaction by Kering shareholders at the Group’s General Meeting held on the 26th of April, the exceptional distribution in kind of PUMA SE shares is effective as of the 16th of May, the payment date.

The distribution ratio of PUMA shares to Kering shareholders is equal to 1 PUMA share for 12 Kering shares held, in accordance with the terms of the transaction announced by Kering last February.

As previously announced, following this transaction, Kering will retain 15.70% of the share capital and 15.85% of the shares outstanding and voting rights of PUMA. As from today, this stake will be accounted for under the equity method in Kering’s financial statements.

A global luxury group, Kering manages the development of a series of renowned Maisons in Fashion, Leather Goods, Jewelry and Watchmaking: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Christopher Kane, Tomas Maier, Boucheron, Pomellato, Dodo, Qeelin, Ulysse Nardin, Girard-Perregaux, as well as Kering Eyewear. In 2017, Kering had nearly 29 000 employees and pro forma revenue of roughly 10.82 billion euros.

Related Events

  • Jun
    3
    Jun 3-Jun 5, 2024 | Munich, Germany

    ISPO Munich

  • Jul
    4
    Jul 4-Jul 5, 2024 | Berlin, Germany

    Seek

  • Jul
    26
    Jul 26-Jul 29, 2024 | Düsseldorf, Germany

    Supreme W&M Düsseldorf

  • Jul
    27
    Jul 27-Jul 29, 2024 | Düsseldorf, Germany

    Neonyt Düsseldorf

Related Organizations

  • FILK - Research Institute of Leather and Plastic Sheeting

    FILK - Research Institute of Leather and Plastic Sheeting

    Germany
  • BTE - Trade Association of Textile, Shoes and Leathergoods

    BTE - Trade Association of Textile, Shoes and Leathergoods

    Germany
  • VDL - German Leather Federation

    VDL - German Leather Federation

    Germany
  • PFI Germany -  Test and Research Institute Pirmasens

    PFI Germany - Test and Research Institute Pirmasens

    Germany