×
175
Fashion Jobs
THE SEARCH HOUSE (A DIV OF JSD SEARCH HOUSE PVT. LTD.)
Manager Production-Sheet Metal (Laser /Punching/ Press Break)
Permanent · Bhiwadi
ABHAY INDUCTION TECH PVT LTD
Sales Manager
Permanent · Ahmedabad
FREELANCER PRATIK PARIKH
Opening in Leading Life Insurance Company/ Area Business Manager
Permanent · Gandhinagar
MANISHMEDI INNOVATION
Area Sales Manager
Permanent · Hyderabad
OJB HERBALS
Area Sales Manager
Permanent · Ranchi
LIVE BIOTECH PRIVATE LIMITED
Area Sales Manager, Regional Sales Manager, Zsm
Permanent · Chennai
KM ELECTRONIC CABLES PVT. LTD
Area Sales Manager - Vijayawada
Permanent · Chennai
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
STAR UNION DAI ICHI LIFE INSURANCE (SUD LIFE)
Hiring- Area Manager - Bancassurance- Kolkata Metro
Permanent · Kolkata
NIKKO & CO.
Area Sales Manager /Sales Officers(5-10 Yrs Into Fmcg)
Permanent · Karimnagar
FUTURE GENERALI
Opening For Area Manager in Bangalore With Future Generali li
Permanent · Bengaluru
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
LENSKART
Area Operations Manager
Permanent · Chennai
ADECCO INDIA PRIVATE LIMITED
Job Opening For Area Sales Manager Role For Mnc Company
Permanent · Bengaluru
DR LAL PATHLABS
Area Sales Manager -Chandigarh
Permanent · Chandigarh
JOB INDIA
Regional Manager Sales (Backend Operations)Garments - Gurgaon
Permanent · Faridabad
HERITAGE NUTRIVET LIMITED
Cattle Feed - Area Sales Manager - Salem Location
Permanent · Salem
THINK FIRST DIGITAL
Hiring For Event Production Manager - Mumbai
Permanent · Mumbai
LUPIN
Opportunity For Area Manager - Mass Marketing - Lupin Ltd
Permanent · Pune
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
PETPOOJA
Area Sales Manager || Software Sales (Pos) || Petpooja
Permanent · Navi Mumbai
Translated by
Nicola Mira
Published
Jun 22, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Artemis to reduce stake in Puma

Translated by
Nicola Mira
Published
Jun 22, 2020

In 2018, Kering began to pull out of Puma. The French luxury giant had decided to focus exclusively on its luxury goods business, and the stake it held in the German sport equipment brand shrank to 15.8%. However, the Pinault family – Kering’s founder - still plays a key role within the sport group founded by Rudolf Dassler in 1948. Artemis, the Pinault family’s private equity company, controlled by Financière Pinault, currently holds a 29% stake in Puma.


Puma



Kering took further steps to reduce its stake in Puma last year. In September, the luxury group launched a bond issue exchangeable for Puma ordinary shares in 2022 for over €550 million. After the operation, Kering ended up owning 10% of Puma.

On Thursday, it was Artemis’s turn to announce a new bond issue in Germany, convertible into Puma shares in 2025. Artemis indicated the conversion premium would be between 35% and 40% over the reference share price of Puma, a similar premium to that indicated by Kering in 2019.

Once the operation will be completed, Artemis expects its stake in Puma to shrink to approximately 25%. The Pinault family will therefore remain a key shareholder in the German group, which last year generated a revenue of €5.5 billion (up 18.4%), and a net income of €262 million, up by 40%.

Copyright © 2022 FashionNetwork.com All rights reserved.