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Gen.G, Puma Announce Worldwide Expansion To Brands' Existing Partnership In S.Korea
BRIEF-Kering Raises About EUR 805 Mln From Puma Stake Sale
Kering To Sell 5.9% Stake In Puma
PUMA SE is engaged in designing, developing, selling and marketing footwear, apparel and accessories. The Company's segments include Europe, Middle East and Africa (EMEA), Americas (North and Latin America) and Asia/Pacific. The Company offers performance, as well as sportstyle products across six business units: Teamsport, Running and Training, Golf, Motorsport, Fundamentals and Sportstyle, and Accessories and Licensing. The Company is engaged in the sale of products from the PUMA and COBRA Golf brands through the wholesale and retail trade, as well as from sales directly to consumers in its own retail stores and online stores. The Company markets and distributes its products across the world primarily through its own subsidiaries. The Company distributes its products in approximately 120 countries. For various product segments, such as fragrances, eyewear and watches, the Company issues licenses authorizing independent partners to design, develop and sell these products.
Puma Way 1
Independent Chairman of the Supervisory Board
Chief Executive Officer, Member of the Management Board
Independent Deputy Chairman of the Supervisory Board
Chief Financial Officer, Member of the Management Board
Chief Sourcing Officer, Member of the Management Board
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The German carmaker Porsche and Puma will join the nation's premier DAX stock index, as it expands to 40 from 30 companies in the biggest overhaul of its 33-year history, the exchange operator Deutsche Boerse said on Friday.
German sportswear company Puma said on Thursday it remained concerned about the strain the coronavirus pandemic is putting on its supply chain, but reiterated the mid-term outlook for the sector and company remained positive.
German sportswear company Puma raised its 2021 sales outlook on Friday, boosted by strong second quarter demand, especially in North America.
French luxury goods group Kering said on Wednesday it would sell a 5.9% stake in German sportswear company Puma via a placement to investors.
German sportswear company Puma expects a consumer backlash against Western brands in China and congestion at ports to hit its sales though it gave an upbeat outlook for 2021 following a strong first quarter.
Global commodities trader Trafigura has agreed to buy Angolan state oil giant Sonangol's 31.78% stake in loss-making Puma Energy for $600 million in a step towards raising its holding to more than 90%.
Puma Energy posted a net loss in 2020 after taking a hit on asset sales though core earnings edged higher despite the COVID-19 crisis as its shareholders provided fuel on favourable terms, the fuel retailer said on Thursday.
Puma Energy will issue new stock worth $1.1 billion to help recapitalise the firm and make its top shareholder Trafigura an even bigger owner, while Angola will decrease its stake, the company said on Tuesday.
German sportswear company Puma expects the financial impact from coronavirus lockdowns to last well into the second quarter, but believes global growth in running should help to support a strong improvement after that.
* IT IS SET TO START TRADING ON MARCH 1 IN FURTHER 26 GERMAN COMPANIES SHARES, INCLUDING SIEMENS, VOLKSWAGEN , ALLIANZ, DEUTSCHE POST, CONTINENTAL, E.ON, DEUTSCHE BANK , PUMA, LUFTHANSA, HUGO BOSS , BORUSSIA DORTMUND
Trafigura's storage and retail arm Puma Energy reported a net loss for the third quarter and first nine months of the year on Thursday, mainly due to impairments.
German sportswear company Puma reported a rebound in third-quarter sales in the Americas and Europe as consumers keen to keep fit during the COVID-19 pandemic bought more online and at stores that reopened after lockdowns.
Shares in Puma <PUMG.DE> fell 3.5% on Tuesday after French luxury group Kering <PRTP.PA> said it had completed the sale of a 5.9% stake in the German sportswear company for approximately 656 million euros ($772 million).
German sportswear brand Puma <PUMG.DE> on Wednesday said that uncertainty around the coronavirus made forecasts for the full-year impossible after the pandemic hit second quarter sales and profitability.
Puma <PUMG.DE> expects its second-quarter results will be worse than the first as so many stores are closed in coronavirus lockdowns, but the German sportswear firm is optimistic sales will bounce back as the crisis has led more people to exercise.
* PUMA CEO SAYS DOESN'T THINK COMPANY NEEDS ALL NEW FINANCING, BUT LIFELINE IN CASE CRISIS GOES ON A LONG TIME
German sportswear firm Puma expects its second-quarter results to be worse than the first, after it reported that first-quarter sales fell 1.3%, better than analysts had feared.
* PUMA SAYS OUR BANKS ARE USING STATE-OWNED DEVELOPMENT BANK KFW FOR ADDITIONAL FINANCING
German sportswear maker Puma <PUMG.DE> proposed on Friday to suspend its 2019 dividend given the impact of the coronavirus pandemic.
German sportswear company Puma <PUMG.DE> announced on Tuesday that 1,400 staff would switch to shorter work hours until April 13 as sales slump due to the coronavirus and said its three top executives would not take their pay for April.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.