|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||510.40 - 520.10|
|52-week range||348.55 - 614.90|
|Beta (5Y monthly)||0.91|
|PE ratio (TTM)||32.41|
|Forward dividend & yield||9.00 (1.74%)|
|Ex-dividend date||23 Jun 2020|
|1y target est||N/A|
Shares in Puma <PUMG.DE> fell 3.5% on Tuesday after French luxury group Kering <PRTP.PA> said it had completed the sale of a 5.9% stake in the German sportswear company for approximately 656 million euros ($772 million). Kering has increasingly focused on its high-margin luxury brands like Gucci, Saint Laurent and Balenciaga in recent years, spinning off 70% of Puma to its shareholders in 2018. Puma struggled after it was bought by Kering for 5.3 billion euros in 2007, but it has enjoyed a revival in the last few years, helped by sponsorships of top soccer teams and partnerships with celebrities like Rihanna and Selena Gomez.
Bolt Threads has brought together some new and existing partners, including Stella McCartney, Kering (the fashion house behind brands like Balenciaga, Gucci, Alexander McQueen and Bottega Veneta), Lululemon and Adidas to create a consortium that will explore the company's use of its mushroom-based leather substitute in products, the company said. The announcement is the culmination of at least two years of work from Bolt Threads, which first announced it would join the hunt for a leather substitute in 2018.
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