Why Gucci Owner Wants to Kick Off Its Pumas

Gucci owner Kering has chosen an opportune moment to let go of its $4.9 billion stake in Puma. Sprinter Usain Bolt raised the visibility of the German sneaker brand, but problems at rival sportswear firm Nike have also helped Kering race out of its less than record-setting investment.

Under chairman and controlling shareholder François-Henri Pinault, Paris-listed Kering has spent the past decade and a half transforming itself from a retail conglomerate into a luxury group anchored by the Florence-based Gucci brand. Disposing... Nguồn: www.wsj.com