Puma news and archive

Puma stock falls as major shareholder weighs options

Puma shares fell by 4 percent on Tuesday afternoon. This followed a statement by majority shareholder François-Henri Pinault that he was keeping all options open for his investment company Artemis regarding its stake in the sportswear manufacturer. Artemis holds 29 percent of Puma. Pinault made this statement at the annual general meeting of...

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Pinault considers sale of Puma stake

According to insiders, the French billionaire Pinault family is considering selling its stake in the sportswear manufacturer Puma (PUM.DE). The family is considering several options and has already contacted potential buyers, Bloomberg reported on Monday, citing people familiar with the matter. The Pinault family holds 29 percent of Puma shares...

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Puma appoints Archie McEachern as Vice President Basketball

Sportswear brand Puma has announced the appointment of Archie McEachern as Vice President of its Basketball division. McEachern will assume the role on August 18 and will be based in Boston, reporting directly to Maria Valdes, Puma’s Chief Product Officer. McEachern brings with him extensive experience in the sports industry, having held senior...

Culture

Bianca Saunders and Puma bring Jamaican heritage to east London

British-Jamaican designer Bianca Saunders has never been one to follow the obvious path. Known for her thoughtful exploration of identity, masculinity and cultural memory, Saunders now joins forces with sportswear brand Puma to mark Jamaican Independence Day with a three-day pop-up experience in east London. Running from 7 to 10 August at 137A...

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Adidas and Puma shares weaken after critical analyst views

Shares of the two sportswear manufacturers Adidas and Puma extended their losses on Thursday. While Adidas disappointed after presenting its second quarter figures and confirmed outlook the day before, and some analysts have now lowered their price targets, Puma's shares suffered from a negative comment from Baader Bank after the publication of...

People

Puma appoints former Adidas manager Andreas Hubert as COO

The German sportswear company Puma SE is expanding its management board. On Thursday, the company announced the appointment of Andreas Hubert as chief operating officer (COO). The 49-year-old will assume the newly created position on September 1. With Hubert's arrival, the group's management board will expand from four to five members. In his...

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Puma share price analysis: Factors influencing performance and investor perspective

Puma SE: navigating a dynamic sportswear landscape Puma SE, a German multinational corporation, operates within the athletic and lifestyle apparel, footwear, and accessories sector. The company's core activities encompass the design, development, manufacturing, and marketing of a comprehensive range of products for professional athletes and...

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Puma share price drops 17 percent following profit warning

Puma SE (PUM) share price plummeted on Friday morning after the German sportswear company downgraded its annual forecast. Shortly after the announcement of disappointing quarterly figures and a pronounced expectation for a loss-making year, shares on the Frankfurt Stock Exchange shot down by 17 percent. At the time of writing (Friday, July 25,...

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Puma significantly lowers annual targets

Sportswear manufacturer Puma has significantly lowered its sales and earnings forecast for this year after a disappointing quarter. Puma now expects a loss in earnings before interest and taxes (EBIT), instead of the previously forecast profit of 445 million to 525 million euros, the company announced. The reasons cited were weaker sales...

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Puma remains kit supplier for Manchester City

German sportswear supplier Puma SE will continue to kit out the teams of English football club Manchester City in the coming years. Both parties announced on Tuesday that the partnership, which has existed since summer 2019, has been extended "long-term". Details of the term and financial conditions of the agreement were not disclosed. The...

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Fashion

Puma taps into Manchester’s youth culture with R-City initiative

This summer, German sportswear Puma launches R-City, a seven-month initiative embedded not in global capitals of fashion but in the neighbourhoods of Greater Manchester, from Moss Side to Salford, Fallowfield to Wythenshawe. On the surface, the campaign reads like a millennial-marketing dream: free gym memberships, music masterclasses, youth-led...

Fashion

DressX launches first Roblox game together with Puma

Digital fashion retailer DressX has launched its first game on metaverse platform Roblox, together with partner Puma. The game called DressGo will allow players to dress up their avatars, participate in styling challenges and build personalised wardrobes by collecting items of varying rarity. Via a mystery box system, players can unlock looks...