Puma hunts 3 billion euro turnover

German sports brand Puma has started 2011 so well, that the company raised its turnover estimates to over 3 billion euro. If they succeed, Puma's turnover will be more than 10% bigger than last year's. The world's third largest sports brand (behind American Nike and 'brother company' adidas) ended 2010 with a revenue of 2.706 billion euro. 

 

US, Asia, golf push Puma forward

Puma saw its quarterly turnover rise to 773 million euro (+13%) and its quarterly profits to 77.7 million euro (+7%), greatly pleasing their owners, French luxury group PPR. The US and Asia contributed greatly to Puma's growth, as did their equally beastly named golf brand Cobra. 

In four years, the Bavarian shoe giant hopes to cross the 4 billion euro barrier.

 

 

German sports brand Puma has started 2011 so well, that the company raised its turnover estimates to over 3 billion euro. If they succeed, Puma's turnover will be more than 10% bigger than last year's. The world's third largest sports brand (behind American Nike and 'brother company' adidas) ended 2010 with a revenue of 2.706 billion euro. 

 

US, Asia, golf push Puma forward

Puma saw its quarterly turnover rise to 773 million euro (+13%) and its quarterly profits to 77.7 million euro (+7%), greatly pleasing their owners, French luxury group PPR. The US and Asia contributed greatly to Puma's growth, as did their equally beastly named golf brand Cobra. 

In four years, the Bavarian shoe giant hopes to cross the 4 billion euro barrier.

 

 

Questions or comments? Please feel free to contact the editors


Lucas Bols drunk in love with Passoã

16/11/2017

Liquor manufacturer Lucas Bols’ turnover has grown 23.8 % in the first six months of its broken fiscal year, to 48.8 million euro. Aside from 0.5 %, the entire growth is thanks to liquor brand Passoã’s integration.

"Hunkemöller prepares IPO"

16/11/2017

According to financial press agency Bloomberg, investment company Carlyle Group ordered Rothschild bankers to prepare an IPO for Hunkemöller.

Italian Food-focused theme park opens in Bologna

16/11/2017

Fans of Italian cuisine have to head to Italian Bologna, where Eataly World opened, a theme park focused on Italian pasta, wine, pizza and more.

CEO Bernard Deryckere will leave Alpro

16/11/2017

Bernard Deryckere, who was the man behind Belgian dairy company Alpro’s international success, will leave the company after sixteen years. Apparently, he will leave because of differences of opinion with its new owner, Danone.

Ahold USA trials robot in Giant Food Store

15/11/2017

Ahold USA is currently trialing a robot in a Giant Food Store. Its job is to detect dangers and then ask for assistance. He can also point out empty shelves and check prices.

India is promised land for Belgian apples and pears

14/11/2017

India is turning into the promised land for Belgian fruit farmers. It is already Belgian apples’ most important non-European market and Belgian pears are also promoted throughout the country.

Back to top