Kering says decided to sell sport brand Volcom amid focus on luxury
11/04/2018
Reuters
French luxury group Kering said on Friday it had taken steps to sell skatewear label Volcom, its last remaining non luxury brand, as it focuses on its high-margin, high-end labels.
Kering is also preparing to spin off German sportswear brand Puma, which will leave it with brands ranging from Gucci to Yves Saint Laurent.
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