Billabong International could be a potential takeover target for the French luxury and sporting goods conglomerate PPR, according to the Italian economic daily Il Sole 24 Ore. PPR, which owns Puma and is selling its retail business, could line up €4-5 billion to buy additional luxury and/or sportswear businesses. Ot her possible targets could be Giorgio Armani, Moncler, Burberry or Lacoste, according to the newspaper.
Related articles
-
ArticleAmer Sports redeems $80m in debt
The sporting goods group will pay down debt at a premium while announcing its Q4 earnings date for Feb. 24.
-
News briefsAuthentic consolidates Guess brand
The multi-brand group now owns 51% of Guess’s IP whilst management retains full operational control, making the fashion brand Authentic’s second-largest asset.
-
ArticleAs anticipated, ANTA acquires 29% PUMA stake
The €1.5 billion all-cash deal makes the Chinese giant PUMA’s largest shareholder.
Intelligence, analysis and advice for the global sporting goods industry.
- COPYRIGHT © EDM PUBLICATIONS GMBH
- Contact us
- FAQS
- Terms and Conditions
- Privacy & Cookies Policy
- Impressum
- Issues
- Topics A-Z