Puma revealed on Thursday that it will cut 900 corporate jobs as part of long plan to pull the brand back to sustainability by 2027. In the company's third-quarter earnings report, sales were down 10.4 percent at $2.29 billion as priorities now shift toward a “reset phase.” “At the end of July, we stated that …
Puma's largest stakeholder is exploring the possibility of selling the brand, which has struggled in the past year, according to a published report on Monday. Bloomberg said the Pinault family, owners of 29 percent of the brand, has contacted potential buyers following a year of slumping sales that have taken a toll on Puma and …
Puma's shares tumbled nearly 17 percent on Friday after the company reported that it will take a full-year loss in 2025, citing the impact of U.S. tariffs and weaker than forecasted quarterly sales. The sales decline was driven by the key markets as North America fell 9.1 percent, Europe was down 3.9 percent and Greater …
The daily trainer stable got a bit more interesting on Tuesday as Puma unveiled the Velocity Nitro 4, the latest iteration that arrives next week with a major makeover and upgrades that might land into a contender spot among workhorses. And the changes are immediately apparent as a reworked midsole, retooled upper and a ton …
Puma and Brooks have reached an agreement to dismiss respective lawsuits over shoe patents and trademark infringements, ending nearly three-years of litigation. Both companies said in statements on Monday that the issues have been settled under a confidential agreement. Last Friday, the brands filed a joint motion asking a federal judge in Seattle to dismiss …