![Puma AG CEO Jochen Zeitz (R) welcomes French luxury group Pinault-Printemps-Redoute's (PPR) chairman Francois-Henri Pinault for a press conference in Nuremberg, Germany, Thursday 12 April 2007. PPR, owner of the Gucci and Puma AG CEO Jochen Zeitz (R) welcomes French luxury group Pinault-Printemps-Redoute's (PPR) chairman Francois-Henri Pinault for a press conference in Nuremberg, Germany, Thursday 12 April 2007. PPR, owner of the Gucci and](https://c8.alamy.com/comp/DAWF8N/puma-ag-ceo-jochen-zeitz-r-welcomes-french-luxury-group-pinault-printemps-DAWF8N.jpg)
Puma AG CEO Jochen Zeitz (R) welcomes French luxury group Pinault-Printemps-Redoute's (PPR) chairman Francois-Henri Pinault for a press conference in Nuremberg, Germany, Thursday 12 April 2007. PPR, owner of the Gucci and
![Flages wave over the Puma factory outlet store in Herzogenaurach near Nuremberg April 10, 2007. French retailer PPR on Tuesday made a 5.3 billion euro ($7.07 billion) bid to hitch German sportswear Flages wave over the Puma factory outlet store in Herzogenaurach near Nuremberg April 10, 2007. French retailer PPR on Tuesday made a 5.3 billion euro ($7.07 billion) bid to hitch German sportswear](https://c8.alamy.com/comp/2D266HF/flages-wave-over-the-puma-factory-outlet-store-in-herzogenaurach-near-nuremberg-april-10-2007-french-retailer-ppr-on-tuesday-made-a-53-billion-euro-707-billion-bid-to-hitch-german-sportswear-company-puma-to-its-line-up-of-gucci-and-yves-saint-laurent-iconic-fashion-brands-reutersmichaela-rehle-germany-2D266HF.jpg)
Flages wave over the Puma factory outlet store in Herzogenaurach near Nuremberg April 10, 2007. French retailer PPR on Tuesday made a 5.3 billion euro ($7.07 billion) bid to hitch German sportswear
![Puma AG CEO Jochen Zeitz (R) welcomes French luxury group Pinault-Printemps-Redoute's (PPR) chairman Francois-Henri Pinault for a press conference in Nuremberg, Germany, Thursday 12 April 2007. PPR, owner of the Gucci and Puma AG CEO Jochen Zeitz (R) welcomes French luxury group Pinault-Printemps-Redoute's (PPR) chairman Francois-Henri Pinault for a press conference in Nuremberg, Germany, Thursday 12 April 2007. PPR, owner of the Gucci and](https://c8.alamy.com/comp/DAWF8M/puma-ag-ceo-jochen-zeitz-r-welcomes-french-luxury-group-pinault-printemps-DAWF8M.jpg)
Puma AG CEO Jochen Zeitz (R) welcomes French luxury group Pinault-Printemps-Redoute's (PPR) chairman Francois-Henri Pinault for a press conference in Nuremberg, Germany, Thursday 12 April 2007. PPR, owner of the Gucci and
![Puma AG CEO Jochen Zeitz (R) presents French luxury group Pinault-Printemps-Redoute's (PPR) chairman Francois-Henri Pinault a Puma sneaker after a press conference in Nuremberg, Germany, Thursday 12 April 2007. PPR, owner of Puma AG CEO Jochen Zeitz (R) presents French luxury group Pinault-Printemps-Redoute's (PPR) chairman Francois-Henri Pinault a Puma sneaker after a press conference in Nuremberg, Germany, Thursday 12 April 2007. PPR, owner of](https://c8.alamy.com/comp/DAWF9X/puma-ag-ceo-jochen-zeitz-r-presents-french-luxury-group-pinault-printemps-DAWF9X.jpg)
Puma AG CEO Jochen Zeitz (R) presents French luxury group Pinault-Printemps-Redoute's (PPR) chairman Francois-Henri Pinault a Puma sneaker after a press conference in Nuremberg, Germany, Thursday 12 April 2007. PPR, owner of
![A customer looks at some shoes in the Puma factory outlet store in Herzogenaurach near Nuremberg April 10, 2007. French retailer PPR on Tuesday made a 5.3 billion euro ($7.07 billion) bid A customer looks at some shoes in the Puma factory outlet store in Herzogenaurach near Nuremberg April 10, 2007. French retailer PPR on Tuesday made a 5.3 billion euro ($7.07 billion) bid](https://c8.alamy.com/zooms/9/4958c1c3ff594627aef58a8d88bcb9f4/2d2pxxm.jpg)