(Reuters) - French furniture-to-catwalk fashion retailer PPR is in advanced talks to buy out a leading shareholder of German sportswear company Puma and bid for the firm, newspapers reported on Friday.
The Wall Street Journal, citing people close to the matter, said two Herz family members, Gunther and Daniela, who control nearly 30 percent of Puma, were near a deal to agree to sell their stake to PPR.
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