XTRA:PUMLuxury
Frasers Becomes Key Puma Shareholder And Raises Questions On Valuation And Debt
Frasers Group, controlled by Mike Ashley, has acquired a substantial stake in Puma, listed as XTRA:PUM.
The purchase makes Frasers Group the second largest shareholder in the German sportswear company.
This change in the shareholder base adds a new, high profile investor with a track record in retail and sports brands.
Puma, traded as XTRA:PUM, is a global sportswear and footwear company that competes with major athletic brands for performance and lifestyle consumers. The sector continues...