Puma Surges, Burberry Gains, Cranswick Up
On this episode of Stock Movers:- France’s billionaire Pinault family agreed to sell its 29% stake in Puma to China’s Anta Sports Products, paring back its holdings beyond the luxury-goods industry as it focuses on a turnaround at the key Gucci brand. Puma shares jumped as much as 21% in early Frankfurt trading, roughly halving the past year’s decline. - Burberry gets upgraded to overweight from equal weight at Barclays as analysts see the UK fashion brand’s turnaround strategy paying off. - Cranswick shares rise as much as 4.7%, hitting a five-month high, after the…
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