Puma profits go up after selling Tretorn brand
28.07.2015 5821

Puma profits go up after selling Tretorn brand

German sportswear and shoe maker Puma said it was above earnings forecasts. Before interest and taxes in the second quarter, it amounted to 6,8 million euros ($ 7,5 million).

Sales rose 18,5% to 773 million euros, which also exceeded expectations. Shares rose 5,9% in trading in Frankfurt, which is their highest daily growth in eight months.

Recall that in late June, Puma sold Tretorn, the Swedish brand of rubber boots and other shoes, to the Authentic Brands Group (the owner of the Juicy Couture and Frederick's of Hollywood brands).

German sportswear and shoe maker Puma said it was above earnings forecasts.

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