PUMA. Geared by PPR.

PUMA welcomes PPR as its new strategic shareholder and its voluntary take-over offer

Herzogenaurach, Germany, April 10, 2007 – The Board of Management of PUMA AG welcomes the acquisition by the French luxury goods company Pinault-Printemps-Redoute (PPR) of the stake of Mayfair “Beteiligungsfondsgesellschaft” in PUMA as well as the intended voluntary public take-over offer by PPR to PUMA shareholders.

As a result, PUMA will not only receive the support of a financially strong and leading international company as it implements its Phase IV expansion strategy, but will also benefit from PPR’s global positioning, strong portfolio of premium brands and expertise in the retail business.


More on this story: PUMA website (press release), PPR website (press release), Bloomberg.com (analysis).


~ by addicted2b3 on April 11, 2007.

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