Puma is losing profits
12.11.2013 4475

Puma is losing profits

Puma's operating profit fell by 20%, in connection with which the German company lowered its annual forecast, and its new CEO warned that the company would not return to growth immediately.

Puma's operating profit before special payments amounted to 80 million euros (107 million dollars) in the third quarter compared to 81,6 million euros expected by analysts surveyed.

“I am convinced that although it will take some time, we will reorganize and return the panther to its former agility,” said director of the company Björn Gulden.

Earlier, Puma reported that net profit in 2013 year would be significantly lower than 70 million euros received a year ago, due to the costs of closing the development center in Vietnam and moving part of the staff from London to the company's headquarters in the German town of Herzogenaurai.

Puma's operating profit fell 20%, prompting the German company to cut its annual forecast and its new chief executive warned that the company will not return to growth ...

Latest News

BeInOpen Forum will give an opportunity to declare about themselves 10 young brands from the world of fashion

The New Fashion Industry Forum BeInOpen will be held digitally on June 4 and announce the return of the Open Stage format, in which 10 young fashion brands will have a chance to present their project on ...
23.04.2021 82

Lamoda launched a section of exclusive items and collections for its XNUMXth anniversary

The Russian online platform for selling fashion goods celebrates its tenth anniversary. By this date, a special section of exclusive goods from world brands has been launched, which were specially created for the celebration of the decade ...
23.04.2021 96

Detsky Mir expands its presence in the Urals

New stores of the Detsky Mir chain have opened in Chelyabinsk and Yekaterinburg. The tenth in a row in Chelyabinsk and the ninth in Yekaterinburg. Both new stores occupy 1000 sq. M. ...
22.04.2021 147

Turkish Eksposhoes will be held in June

The Turkish exhibition of shoes and leather accessories Eksposhoes will again be held in Antalya from 2 to 4 June 2021 and is glad to host buyers from ...
21.04.2021 155

Tod's Group has appointed Chiara Ferragni to the Board of Directors

The appointment of Chiara Ferragni, an Italian model and influential fashion blogger, to the board of directors of the Italian fashion group Tod's, was an important step for the famous brand of the same name, moccasins, as well as chic Roger Vivier shoes to conquer ...
21.04.2021 167
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning