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Day’s wrap: Kering, Montblanc, Mulberry, Burberry, Estée Lauder and Reebonz

Puma is one of Kering's more mass-oriented brands. Image credit: Puma


Luxury Daily's live news from May 16:

Kering officially parts with Puma in effort to focus on luxuryFrench luxury group Kering has officially parted ways with another one of its brands as Puma solidifies its exit.