Puma news and archive

Puma initiates restructuring programme and cuts jobs

Sportswear group Puma SE has launched a restructuring programme to get back on track following significant sales declines. The company announced in Herzogenaurach, Germany, on Thursday that costs will be reduced in the short and medium term. To achieve this, Puma plans to cut a further 900 administrative jobs by the end of 2026. So far this...

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Puma: India managing director departs

Karthik Balagopalan, managing director of Puma India, is leaving the Herzogenaurach-based sportswear company. The head of India has decided to leave Puma to “focus on family priorities in Germany”, the company announced on Tuesday. A successor will be announced shortly. Balagopalan took on his current role in August 2023, succeeding Abhishek...

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New marketing structure: Puma appoints Maria Valdes as chief brand officer

German sportswear company Puma SE announced a reform of its brand marketing department on Monday, filling a key position in the process. Maria Valdes will now lead the new organisation as chief brand officer at board level, the company announced. In this role, she will be responsible for brand marketing, product, creative direction, innovation...

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Puma appoints Ronald Reijmers as vice president global retail

German sportswear provider Puma SE is restructuring its retail management structure. On Thursday, the company announced the appointment of Ronald Reijmers as vice president global retail. The 55-year-old will "lead the development of the company's full-price and outlet stores worldwide" in this role, Puma announced. Reijmers will take up his new...

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Puma appoints Thomas John as head of people and organisation

German sportswear provider Puma SE has filled a key position. On Tuesday, the company announced the appointment of Thomas John as vice president of people and organisation. He succeeds Dietmar Knoess, who has decided to “take on new challenges outside the company,” Puma stated. John will assume his new post on October 16. In his future role, the...

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Business

Puma share price falls

Recent takeover speculation surrounding sportswear manufacturer Puma SE cooled somewhat on Thursday. Puma's share price fell 4.3 percent to 22.28 euros. This made its shares among the biggest losers on the MDAX by midday. The share price had jumped by almost 17 percent to 23.28 euros midweek. One month ago, the share price hit a low of 17.045...

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Business

Puma share price boosted by Adidas merger speculation

Puma's shares, which have struggled this year, received a further boost on Tuesday from speculation about a possible merger with Adidas. The shares had already gained some ground the previous day after an investor suggested a merger in an interview on Friday. Now the debate has widened. Puma's share price rose by 4.2 percent, reaching its...

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Business

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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Business

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...