Luxury group Kering launches bonds that can be changed for Puma shares

Reuters Finance 1 month ago

PARIS (Reuters) - French luxury goods group Kering (PRTP.PA) said it was launching an offer of bonds that could be exchanged for shares in Puma (PUMG.DE), in which Kering already holds a 15.7% equity stake, to the tune of 500 million euros ($549.8 million).

Kering added in a statement on Wednesday that the initial exchange price would represent an exchange premium of 30%-35% over a reference share price for Puma.


Source link
Read also:
The New York Times › Finance › 2 weeks ago
Kering led a luxury goods share rally on Friday after its star fashion label Gucci posted stronger-than-expected sales, demonstrating how some brands have so far managed to counter the hit from protests in Hong Kong.
Evening Standard › Finance › 0 month ago
London's well-heeled shoppers can breath a sign of relief, after labels owned by luxury goods powerhouse Kering said they are prepared if Britain does end up crashing out of the EU without a deal.
Reuters › Finance › 1 month ago
Italian eyewear maker Safilo has renewed for three years an accord with French luxury giant Kering to manufacture and supply Gucci-branded products, the companies said on Friday.
The New York Times › Finance › 1 month ago
Italian eyewear maker Safilo has renewed for three years an accord with French luxury giant Kering to manufacture and supply Gucci-branded products, the companies said on Friday.
One America News Network › Finance › 3 weeks ago
BERLIN (Reuters) - German sportswear group Puma cautioned on Thursday that it would take a hit from U.S. tariffs on China in the fourth quarter but still raised its sales forecast and
Reuters › Finance › 3 weeks ago
German sportswear group Puma cautioned on Thursday that it would take a hit from U.S. tariffs on China in the fourth quarter but still raised its sales forecast and narrowed its profit target after a strong third quarter in all regions.
One America News Network › Finance › 2 weeks ago
(Reuters) - European shares edged lower on Friday, as Brexit woes and Anheuser-Busch InBev's forecast of moderate annual profit growth offset strong sales from luxury goods makers.
The New York Times › Finance › 2 weeks ago
European shares edged lower on Friday, as Brexit woes and Anheuser-Busch InBev's forecast of moderate annual profit growth offset strong sales from luxury goods makers.
CNBC › Finance › 2 weeks ago
Puma partnered with hip-hop mogul Jay-Z last year as it returned to the U.S. basketball market after being on sidelines for two decades. The category is a key part of its global strategy.
Forbes › Finance › 1 month ago
Rumored to be one of the sticking points in the eventual Anthony Davis deal, he is clearly coveted by the Lakers organization. And now he is just as coveted by Puma, who signed him to a five-year endorsement deal this week.
Sign In

Sign in to follow sources and tags you love, and get personalized stories.

Continue with Google
OR