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PUMA PROFIT
Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...- Nexus, Rainmatter invest Rs 225 crore in Agilitas SportsAgilitas Sports secured Rs 225 crore from Nexus Venture Partners and Rainmatter. This funding will fuel expansion in manufacturing, brands,...
- Puma to cut 13% of its workforce as sales continue to declineGerman sportswear brand Puma said on Thursday it will cut 13% of its global workforce, or about 900 jobs, by the end of 2026 as sales conti...
- Puma's new boss takes helm trailing Adidas and a recovering NikePuma is facing a tough time. New CEO Arthur Hoeld aims to revive the brand. Puma is struggling with unsold stock. Rivals like Adidas and Ni...
- Puma caught between tariff fears and weak US demand as it discounts stock, plans price hikesPuma is grappling with the consequences of its earlier strategy to front-load shipments to the U.S. to avoid tariffs. This move has led to ...
- Puma shares plunge 23% as weak profit shakes confidencePuma's market value dropped over 22% after reporting lower than anticipated Q4 sales and a decline in annual profit. The company aims to in...
- Puma shares plunge 18% after sales and profit missPuma shares slid more than 18% on Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a drop i...
- E-commerce platforms can't become haven for counterfeiters: Delhi HCThe Delhi High Court observed that e-commerce websites are commercial ventures and are inherently profit oriented, which is not objectionab...
- Puma sticks to full-year profit forecast despite drop in Q3 earningsPuma's operating profit was 236.3 million euros ($252.3 million) for the third quarter, down from 257.7 million a year earlier. Still, the ...
- Levix, UCB ahead of Nike, Reebok in IndiaTop global sports goods players, Nike, Reebok and Adidas, are still in the red in India even as brands like Levis, UCB and Zara have turned...
- Puma clocking sales as much as leader Adidas despite its late entry into the countryThe company has built on the advantage it took of a gap in the market when Reebok India took time out to deal with an alleged fraud in 2012.
- Puma to expand in metros, tier II & III cities; focus on e-retailSportswear firm Puma today said it would go for its expansion in India by opening new stores in tier II & III cities and focussing on e-ret...
- Heavy online discounting hurts franchisees' expansion plansPuma has stopped selling some high-end products on e-commerce sites. Next season, it will fully separate lines for the two retail avenues.
- Gucci owner Kering may acquire sports brandsAny deal will hinge on Kering’s ability to reverse the fortunes of Puma, Europe’s second-largest sporting-goods maker, which has been under...
- New Puma CEO says turnaround will take timePuma said operating earnings before special items came in at 80 million euros for the third quarter.
- Global sports-goods brands not game for mass marketGlobal sports-goods brands are gravitating towards Indian sport, but not towards the price-sensitive Indian consumer.
- Adidas, Puma say Olympics were a successThe Olympic Games not only brought gold for athletes and their countries, but also for the companies that outfitted them with their gear.
- Brands like Tommy, Esprit on a highRiding on the back of high aspirational value, strong branding and high margins, international brands in the country have got off to a good...
- Fashion giants step up sourcing from IndiaNautica, Puma, M&S and Espirit have increased their local sourcing as they expand their presence in domestic market.
- French co buys 27% in Puma for $7bnThe offer is 16% more than Puma’s closing price on April 4, the day before the shares surged on speculation of a PPR bid
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