Does Kering need some money to pay Hedi Slimane’s allemony after the divorce?
In 2011, Kering acquired Volcom, an action sports brand. One of the less visible brands at Kering has begun taking steps to sell action sports brand Volcom to focus fully on the group’s luxury labels.
“In accordance with Kering’s strategy to fully dedicate itself to the development of its luxury houses, the group is also ready to spin off German sportswear brand Puma.
As reported, Kering and Stella McCartney on March 28 said have agreed to end their 17-year partnership and that the designer would purchase Kering’s 50 percent stake in her namesake brand.
Kering’s other luxury labels include Gucci, Alexander McQueen, Bottega Veneta, Boucheron, Saint Laurent, Brioni and Balenciaga.