PUMA - The Sportswear Manufacturer Suffers from Weak Consumer Demand - Major Shareholder Wants to Divest its Stake!
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Business drivers: 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...
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