Teacher:Generate a correct and concise answer for the question based on the words in the context.
Teacher: Now, understand the problem? Solve this instance: Context : On May 2, 2011, French luxury, sport, and lifestyle group Kering (previously known as Pinault-Printemps-Redoute and PPR until 18 June 2013) launched a friendly takeover offer to buy Volcom Inc. for US$24.50 a share, valuing the company at US$608 million.
Question : Which company is the parent company of Volcom?
Student:
Kering