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PPR Buying Puma in $7 Billion Deal

Puma football shoes. French luxury goods group PPR, owner of Gucci and Yves Saint Laurent, has announced a friendly takeover offer for German group Puma, valuing the world's third-biggest supplier of sportsgear at more than 5.0 billion euros (6.7 billion dollars).(AFP/DDP/File/Joerg Koch)Fashion Wire Daily - PPR, luxury's third largest conglomerate has bought itself a large chunk of prestige sports in a friendly, and thoroughly surprising, takeover.


Published on: Tue, Apr. 10, 2007

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