PPR to make Puma main brand of new sports division

10/19/2010 | Bloomberg

PPR Chief Executive Officer Francois-Henri Pinault said the Paris-based company will make Puma the main brand of its newly launched sports and lifestyle division. PPR plans to develop the new unit into a "second pillar" through acquisitions of sporting-goods and leisure brands. First, however, PPR will sell a few of its retail businesses, Pinault said.

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