January 12, 2018 / 7:42 AM / a year ago

Puma CEO says has no plans to take on other brands

Bjorn Gulden, chief executive officer of PUMA, attends the red carpet before the Fenty PUMA by Rihanna Fall/Winter 2016 collection show during New York Fashion Week in New York, February 12, 2016. REUTERS/Eduardo Munoz/Files

BERLIN (Reuters) - Puma has no plans to take on other brands such as Kering’s Volcom for the moment, the German sports brand’s chief executive said on Friday.

“Having more brands in the portfolio is not the focus at the moment,” Bjorn Gulden told journalists during a conference call after French conglomerate Kering announced late on Thursday that it planned to spin off Puma to its shareholders.

Gulden said there were very few operational synergies with Kering.

“We are already very independent,” he said, adding that Kering had granted Puma a lot of freedom.

Reporting by Emma Thomasson; Writing by Maria Sheahan

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