Artemis sells the Giambattista Valli stake to founder
Artemis agreed to sell its majority stake in Giambattista Valli back to the founder. The deal follows a series of divestments aimed at reducing debt levels.
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Artemis, the parent of KERING, agreed to sell its majority stake in Giambattista Valli back to the brand's founder on the afternoon of May 20. The disposal follows a €1.5B sale of PUMA SE shares in January to reduce high debt levels. Investors are monitoring the Pinault family's retreat from smaller labels as global luxury demand falls.
