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A jump in standalone debt at Artemis, the Pinault family company that controls Gucci-owner Kering, is a “temporary spike”, and the company is not facing any liquidity problems due to a drop in dividends from Kering and other assets, it told Reuters.
The investment vehicle also said that none of its debt was tied to Kering’s share price performance in the terms – or covenants – agreed with lenders, as some investors have speculated.
Privately-owned Artemis, chaired by outgoing Kering boss…
