PPR’s shares rose after it announced strong earnings, driven by the French company’s luxury division, which includes brands such as Gucci and Bottega Veneta. However, the group’s sport and lifestyle business — dominated by Puma — was the laggard, with operating profit down 12 per cent. Lex’s Nikki Tait and Oliver Ralph consider whether it’s time for PPR to give Puma the boot.
For more video content from the Financial Times, visit http://www.FT.com/video
