Gucci, Yves Saint Laurent, and. . . Puma? Well that's the story coming out of Germany today. Pinault-Printemps-Redoute, a French multinational specializing in retail shops and luxury brands, has made a move for the German sportswear company. Whether it goes through or not is up to Puma, who might be holding out for more money from PPR or a bid from Nike.
If the sale goes through, I just hope that Puma's advertising continues to be of the highest quality.
Puma receives $7B takeover bid [CNN]
Puma ad [Goldenfiddle]