Kering SA earlier this year reached out to funds from the Middle East as well as Asian investors about a possible sale of Puma, according to a report by Bloomberg. Sources told Bloomberg they werent sure whether the company is still pursuing a sale.
Kering acquired its 86 percent stake in Puma in 2007.
Representatives for Kering, which owns Gucci and several other luxury brands, and Puma declined to comment on the report. Earlier this year officials said Kering officials stated it didnt plan to acquire any more brands for its sports & lifestyle division until it had revived Puma. The division also includes footwear vendor Tretorn, golf equipment specialist Cobra Golf, action sport brand Volcom, and Electric, a sunglass and snow goggle brand.
