The Chinese sportswear giant buys a 29.06 percent stake as PUMA chases a reset under CEO Arthur Hoeld.
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The Finnish designer steps into a new role to fuse mountain performance with culture-led sportstyle across apparel and footwear.
5 Sources
Continuing a push towards a western expansion.
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Raising the company’s outlook for the full fiscal year.
Fuelling growth for its parent company Amer Sports in Q4 fiscal year.
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The company’s revenue rose to $994 million USD over the past quarter.
The company’s shares, which were forecasted to sell for $16 USD to $18 USD, went for $13 USD each.
The company revealed a 30% revenue increase over the first nine months of 2023 in its registration.