Pinault's PPR snaps up Puma stake

PPR SA, the French retailer controlled by the billionaire Pinault family, bought a 27 percent stake in Puma AG and will make an offer for the rest of the German sporting-goods maker for a total 5.3 billion euros.

PPR, owner of the Gucci Group of luxury-goods brands, paid 330 euros per share for the stake held by German billionaires Guenter and Daniela Herz and will offer the same to other shareholders, Herzogenaurach, Germany-based Puma said. The offer is 4.8 percent more than Puma's closing price last Thursday.

An acquisition of Puma would increase the portion of sales PPR is making outside the country by adding more international brands. Puma, whose products are sold in 80 nations, has forecast record revenue and profit in 2007 after sales quadrupled in five years.

PPR is looking to add Puma to its portfolio as designers of luxury clothes collaborate with sporting-goods makers to capitalize on demand for fashionable apparel and shoes. Puma, known for its leaping-cat logo, and larger rival Adidas AG are working with designers Alexander McQueen and Stella McCartney, whose companies are owned by PPR.

Bloomberg News

Puma wins lawsuit against supermarket selling bogus sneakers

German sportswear maker Puma AG Rudolf Dassler Sport has won a lawsuit against a supermarket in Shanghai that sold fake Puma athletic shoes, a Shanghai court ruled Friday.

The Shanghai First Intermediate People's Court heard that Fu-mart, a supermarket owned by the Nanhui branch of the Kunshan Runhua Commerce Co,. Ltd. in Shanghai, allegedly sold sports shoes bearing logos identical to the Puma logo.

Lawyers representing Puma managed to buy a pair of fake Puma shoes for 69 yuan (nine U.S. dollars) on December 22, 2006 at the market.

The German company, which registered the Puma logo in China in 1999, demanded an end to the infringements, a public apology and a compensation of 500,000 yuan (65,700 U.S. dollars).

The supermarket argued the shoes, registered under the "Shuqi" trademark, came from legal sources.

The market said that it didn't know the shoemaker had infringed on Puma's trademark rights, adding that it should not be liable for compensation, as it has only sold two pairs of the shoes, and had terminated sales.

The court ruled that the supermarket failed to identify the infringement and should be held responsible for selling counterfeit Puma products. It ordered the supermarket to publish a public statement to mitigate the negative effect it has caused on the Puma company and pay 100,000 yuan (13,100 U.S. dollars) in damages.

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