France’s Artemis won’t exit Puma stake at current value, Reuters says

Artemis, the Pinault family’s holding that controls Gucci-owner Kering, will not sell its 29% stake in sports brand Puma (PUMSY) at the current market value and is not engaged in talks over a deal, a source close to the firm told Reuters on Thursday, Tassilo Hummel reports. The comments, the first from a source with detailed knowledge of the private firm’s operations, come after Bloomberg reported in August that Artemis was sounding out potential buyers for its $960M Puma stake, the author writes.