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Kering sells one-third stake in Puma for $769M

Puma is one of the leading sports footwear marketers worldwide. Image credit: Puma Puma is one of the leading sports footwear marketers worldwide. Image credit: Puma

 

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.