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Puma CEO says has no plans to take on other brands

Reuters  |  BERLIN 

(Reuters) - has no plans to take on other brands such as Kering's for the moment, the German sports brand's said on Friday.

"Having more brands in the portfolio is not the focus at the moment," told journalists during a conference call after French conglomerate announced late on Thursday that it planned to to its shareholders.

Gulden said there were very few operational synergies with

"We are already very independent," he said, adding that had granted a lot of freedom.

(Reporting by Emma Thomasson; Writing by Maria Sheahan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 12 2018. 13:08 IST