Luxury group Kering says it has finished selling off brands. PARIS (Reuters) - Kering (PRTP.PA) does not intend to sell off any more of its smaller fashion brands beyond the ones already on their way out, the group's managing director Jean-Francois Palus said on Thursday. The Paris-based luxury conglomerate said in June it was in talks with Christopher Kane to sell the eponymous label, in which it had a 51 percent stake, back to the British designer. Earlier this year Kering spun off the majority of its stake in German sportswear label Puma to its shareholders, and also signalled it was selling skatewear brand Volcom, as it refocuses purely on luxury.
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Apr 26, 2019