Puma First-Quarter Profit Slides as Turnaround Remains Elusive

Puma Suede trainers | Source: Puma

HERZOGENAURACH, Germany — Puma SE, Europe’s second-largest sporting-goods maker, reported a decline in first-quarter profit, underscoring the scale of the challenge facing Chief Executive Officer Bjoern Gulden to achieve a turnaround.

…Continue Reading

Kering Sees Very Significant Drop in 2013 Net on Puma, Redoute

Puma Suede trainers | Source: Puma

PARIS, France — Kering, formerly called PPR, said it expects net income this year to drop “very significantly,” hurt by one-time charges related to its Puma brand and from costs related to its sale of mail-order business La Redoute.

…Continue Reading