Kering Sees Very Significant Drop in 2013 Net on Puma, Redoute

Puma Suede trainers | Source: Puma

PARIS, France — Kering, formerly called PPR, said it expects net income this year to drop “very significantly,” hurt by one-time charges related to its Puma brand and from costs related to its sale of mail-order business La Redoute.

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Belle Buys Stake in Baroque Japan, Aims to Create Fashion Empire Across Asia

An advertising image for Moussy, one of Baroque Japan's many womenswear brands | Source: Baroque Japan

Baroque Japan — owner of womenswear brands including Moussy, Sly, Rodeo Crowns, Shelter, Black and Rienda — has a new Chinese majority shareholder, which already owns some 25 percent of the Chinese footwear market and aims to create one of the biggest fashion retailers in Asia. JapanConsuming reports.

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