PUMA UNSP.ADR 1/10 Watchlist

tz-plus logo PUMA - Sportswear manufacturer suffers from weak consumer demand - Major shareholder wants to divest stake!

M. Springman
Reading Time: 1 minute

Business driver: PUMA is one of the leading sportswear manufacturers worldwide. Recently, the company faced a significant decline in revenue and earnings due to self-inflicted problems, as well as the overall weak demand in many core markets such as Asia, Europe, and North America, prompting a reduction in its annual forecast. On August 25, the news agency Bloomberg reported that the French billionaire family Pinault intends to divest its nearly 29% stake in PUMA. According to the report, they have discussed a potential sale of the PUMA stake...

Read this article now with a free account.

Your benefits:

  • Every month, you can read 5 articles from the premium section for free.
  • Monthly 2 trial issues of the Trader newspaper for free.
  • Create a personal watchlist with an overview of news about your stock.
Trader Times
Free account
Here we go!
Image 1Image 2Image 3

Already registered? Log In