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ering’s ambition is to continue to grow and develop its powerful ensemble of houses in couture, leather goods, jewellery and watches, leveraging on its high cash-flow generation and strong financial position, the French luxury goods group, which has Gucci, Saint Laurent, Alexander McQueen, Balenciaga, Christopher Kane and Stella McCartney in its stable, told WWD. The shift will see Kering reduce its stake to 16 percent from 86 percent, with Kering shareholder Artemis winding up with a 29 percent stake in the sports brand, and about 55 percent of Puma’s stock free-floating on the stock market.