Thursday, May 03, 2007

Gucci dons a sporty look

Gucci- the flagship bon ton brand of French retailer PPR has grappled 27% stake in Germany based sporting goods company- Puma. The deal had been finalised at $7.1 billion and Puma has embraced the deal. Recently, Puma has been paying heed to the vogue segment and as a part of this strategy, it recently announced to segregate Puma into three different division- sports, sports-lifestyle and fashion. For the third segment, it has tied up with Japanese designer Evisu. The association with Gucci is touted as Puma’s move to become a haute couture brand.

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