26.10.10

YOU'VE BEEN TANGOED

The German sportswear and footwear chain Puma is to write off up to €115m (£103m) after it unearthed what it believes to be "systematic" fraud at its joint venture in Greece.
Puma is owned by French luxury goods and retail giant PPR (Pinault-Printemps-Redoute), which also owns Gucci.

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