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by Sam Reeves Adidas on Tuesday named Bjorn Gulden, chief of rival outfitter Puma, as its new CEO as the German sportswear giant seeks to emerge from months of turbulence. The Norwegian former professional football and handball player will take on the role from January next year, replacing current CEO Kasper Rorsted. He faces big challenges at Adidas, which has seen sales hit by coronavirus restrictions in key market China, and recently ended a […]
by Laure FILLON / Julie Pacorel Agence France-Presse Paris, France (AFP) — As humans retreat into their homes as more and more countries go under coronavirus lockdown, wild animals are slipping cover to explore the empty streets of some of our biggest cities. Wild boar have descended from the hills around Barcelona while sika deer are nosing their way around the deserted metro stations of Nara, Japan. Indian social media has gone wild about footage of […]
WASHINGTON, United States (AFP) — Adidas, Nike and PUMA on Tuesday urged US President Donald Trump to prevent the shoe industry from falling victim to the trade war with China, saying new tariffs could be “catastrophic.” In a letter to Trump, those big name manufacturers joined forces with more than 170 other American shoe manufacturers and retailers calling for footwear to be exempted from a new round of punitive tariffs on $300 billion in Chinese […]
FRANKFURT AM MAIN, Germany (AFP) — German sportswear group Puma raised its 2018 outlook Thursday after a stronger-than-expected third quarter, boosted by a new basketball shoe and some celebrity sparkle from model Adriana Lima and Barcelona striker Luis Suarez. The company’s net profit rose 25 percent year-on-year between July and September, to 77.5 million euros ($88 million). Operating, or underlying, profits soared 28 percent to 130 million euros, the leaping-cat brand said. Sales increased 11 […]
FRANKFURT MAIN, Germany (AFP) — German sporting goods firm Puma raised its sales and profits forecasts for the full year Monday, saying it enjoyed strong second-quarter performance and was confident for the second half. The Bavaria-based firm now expects to increase sales between 12 and 14 percent, adjusting for currency effects — up from “a low double-digit percentage” increase previously. That would mean growth up to twice as fast as last year’s, when high-profile sponsorships […]
