PPR increases stake in Puma
French luxury group PPR, the business behind brands including Gucci, Stella McCartney and Alexander McQueen, has increased its stake in sportswear brand Puma.
PPR, the French owner of the Gucci Group and Puma brand, saw revenues climb 5.8% and 2% on a comparable basis to €20.2 billion in 2008 but fourth quarter sales slowed.