Kering
KER
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459.4EUR
-0.22%

Kering : Puma CEO says has no plans to take on other brands

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01/12/2018 | 08:39 am
BERLIN (Reuters) - Puma (>> Puma AG Rudolf Dassler Sport) has no plans to take on other brands such as Kering's (>> Kering) Volcom for the moment, the German sports brand's chief executive said on Friday.

BERLIN (Reuters) - Puma (>> Puma AG Rudolf Dassler Sport) has no plans to take on other brands such as Kering's (>> Kering) Volcom for the moment, the German sports brand's chief executive said on Friday.

"Having more brands in the portfolio is not the focus at the moment," Bjorn Gulden told journalists during a conference call after French conglomerate Kering announced late on Thursday that it planned to spin off Puma to its shareholders.

Gulden said there were very few operational synergies with Kering.

"We are already very independent," he said, adding that Kering had granted Puma a lot of freedom.

(Reporting by Emma Thomasson; Writing by Maria Sheahan)

Stocks treated in this article : Kering, Puma AG Rudolf Dassler Sport
Thomson Reuters 2018
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