Following the expiry of the additional acceptance period of its voluntary public takeover offer for Puma, French luxury goods group, and owner of brands such as Gucci, PPR has become the majority shareholder of the German sportswear brand with a 62.1% stake.

On April 10, PPR acquired a controlling stake in Puma and announced the launch of a friendly voluntary public takeover offer at a price of €330 per share. The offer started on May 14 and the additional acceptance period expired on July 11.