The Opening Cloud Group Is Really Selling Puma.

Rothschild&Co, one of the largest independent financial advisers in the world, has learned that Rothschild has accepted France.

Giant Kering

Entrusted by the group to run the German sports brand of the latter.

(Puma) sale.

According to the world clothing and shoe net, France's second luxury group Kering has divestied its PumaSE, a German sportswear company, with a clearer plan. Rothschild will provide financial advisory services for the sale of Puma.

Challenge magazine also revealed that as a separate listed company holding 86% of Kering holdings, Puma has been identified as a non strategic asset by Kering, and its current valuation is around 6 billion euros, which is about 1 billion euros higher than that of the PPR group (now Kering group) chairman and CEOFran ois-HenriPinault ois-HenriPinault buying the brand in 2007.

Kering declined to comment on the report. Jean-MarcDuplaix, chief financial officer of the group, said: "we will have some opportunities to consider some options, but these choices will not be achieved in the short term."

The news that Puma will be sold by Kering has been circulating for several years, and Fran ois-HenriPinault ois-HenriPinault has repeatedly cracked down on rumors. In an interview with British media FanancialTimes in June 2016, he declared: "in the short term, Puma will not be sold."

In April of this year, Fran C ois-HenriPinault withdrew from the Puma board, making people even more suspicious that Kering had a plan to sell Puma.

In addition, Bernstein, the independent asset research firm, hypothesized that the Kering group would be more likely to choose to sell part of the equity stake in Puma than to sell the Puma brand to an industrial company or a financial investment institution as a whole.

A number of mainstream banks and consulting firms have announced in the past few weeks that it may be an appropriate period now. Puma is likely to be sold by Kering in 2018.

Puma's performance has been excellent recently, its sales have continued to grow, and the financial data in recent quarters have made considerable progress.

Through cooperation with the popular female singers Rihanna and SelenaGomaz, Puma's sales rose and rose and continued to increase its 2017 full year expectations.

For the three months ended September 30, 2017, the core financial data of Puma were as follows:

Consolidated sales increased by 13.3% to 1 billion 122 million euros over the same period, an increase of 17.4% according to the fixed exchange rate.

Pre tax profit was 101 million euros, compared with 60 million euros in the same period last year.

Gross profit margin increased by 230 basis points to 48.1%;

Net profit of 62 million 100 thousand euros, diluted earnings per share of 4.16 euros, last year's data were 39 million 500 thousand euros and 2.64 euros

For the 9 months ended June 30, 2017, the core financial data of Puma were as follows:

Consolidated sales increased by 16% to 3 billion 95 million euros over the same period, an increase of 16.4% according to the fixed exchange rate.

Pre tax profit was 214 million euros, compared with 113 million euros in the same period last year.

Gross profit margin increased by 120 basis points to 47.3%;

Net profit of 133 million euros, diluted earnings per share of 8.94 euros, the same period last year data were 67 million euros and 4.48 euros.

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