Puma appoints new CEO and Chairman
Footwear brand Puma has announced Arne Freundt as its new CEO and Chairman of the Management Board.
Read More...Footwear brand Puma has announced Arne Freundt as its new CEO and Chairman of the Management Board.
Read More...In light of the German footwear manufacturer’s successful product launches with high sell-throughs and strong growth across all regions, especially in North America, Puma’s currency-adjusted sales increased by approximately 96% to €1,589 million (Q2 2020: €831 million) and the operating result (EBIT) increased to approximately €109 million (Q2 2020: -€115 million) in the second quarter of 2021.
Read More...The international sportswear manufacturer has provided an update on its activities since the COVID-19 outbreak.
Read More...Sales of the Germany headquartered international sportswear brand increased 15.3% on a currency-adjusted basis to €1,319 million (+16.6% reported), driven by continued growth in all regions and product divisions.
Read More...The international sportswear brand has reported a +15% sales increase currency-adjusted in the second quarter to €1,049 million (+8% reported), with double-digit growth in all regions and product segments.
Read More...The Board of Directors of the French luxury conglomerate unanimously proposed on January 11 to submit to its shareholders the project to distribute in kind around 70% of Puma shares, out of the 86.3% currently owned by the Group.
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As François-Henri Pinault, CEO and Chairman of French luxury conglomerate Kering, stepped down from his role as Vice-Chairman of Puma’s Board of Directors on April 12, as speculation rises once again regarding the possible sale of the sportswear brand.
Read More...Puma’s share rose to the highest level in two years as speculation on Kering’s potential disposal of Puma narrows.
Read More...Francois-Henri Pinault, the CEO of Puma’s parent Kering, ruled out a sale of Puma in an interview with Bloomberg Television earlier this week. Press rumours stated that the sports brand was up for sale by Kering which is mainly focussed in the luxury sector.
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