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prada clearance luxury lines as Gucci and Yves Saint Laurent, said it was buying a 27.1% stake in Puma from the snappily named Mayfair Beteiligungsfondsgesellschaft the holding company of the billionaire Herz siblings, Michael and Wolfgang for $1.9 billion.Following this acquisition, "PPR intends to launch a friendly takeover offer in cash on the remaining outstanding Puma shares at the same price" of 330 euros $443.32 per share, PPR said in a statement. It said it expects to complete the offer in early July.Puma's board is already backing the offer, which will be put to shareholders this week, and said it "unanimously believes that PPR's engagement is in the best interests of the company." PPR said the bid values Puma at 12.2 times 2006 enterprise value to cash flow, a variant on the more common price to earnings ratio.Investors have suspected for some time that Puma, the third largest sportswear maker in the world afterand Adidas, could become a takeover target, especially after Adidas bought Reebok last year for about $3.7 billion. Puma was formed when German brothers Rudi and Adi Dassler feuded and split their family firm into Adidas and Puma. See: "Brothers Who Put The Boot In"A deal with PPR would of course differ from Adidas's because of the vast disparity of product offerings. Even so, Puma has already been trying to expand into more apparel styles to include men's travel business casualwear, eyewear and shoes, and establish itself as a lifestyle brand. PPR also said in its statement that its portfolio of luxury brands created "a unique environment for Puma's development."Luxury clutch handbagsPRLog Press Release Nov. 28, 2011 If you've got a big night out planned at Christmas, or even a small night, an outfit isn't an outfit without a luxury clutch handbag under your arm, and where better to buy one from than Lulu Guinness? Expertly designed by Lulu Guinness, the designer clutch handbags within the range complement many different outfits, so you're bound to find the one for youIf you're after a bright, colourful clutch handbag to get you noticed, then you need to check out the Sun Blush Snakeskin Lips Clutch, priced at 275. After all, why not treat yourself to some of