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Puma

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Anta Sports Bets Big on Puma with 29% Stake in $1.8B Deal
business1 month ago

Anta Sports Bets Big on Puma with 29% Stake in $1.8B Deal

Anta Sports has agreed to acquire a 29.06% stake in Puma SE for about €1.5 billion ($1.8 billion), financed entirely with internal cash, with closing expected by the end of 2026. Anta will seek representation on Puma’s supervisory board while preserving Puma’s brand identity and independence, and it says it currently has no plan to make a takeover offer, though a deeper partnership could be explored in the future.

PUMA Launches AI-Designed Inverse Sneakers
technology1 year ago

PUMA Launches AI-Designed Inverse Sneakers

PUMA has launched the Inverse sneaker, a new design inspired by its archival Y2K-era PUMA Inhale, created using generative AI and refined with human input. The sneaker features a sleek profile with a mesh-forward design, curvilinear overlays, and a technical midsole cage. The inaugural colorway includes a fiery red mesh upper with black and amethyst purple accents. This release marks PUMA's exploration of combining AI with traditional design processes to innovate in the fashion industry.

"PUMA's Star-Studded Mostro Show: Emily Ratajkowski's Sporty-Chic Twist and Celebrities Front Row"
fashion-and-entertainment2 years ago

"PUMA's Star-Studded Mostro Show: Emily Ratajkowski's Sporty-Chic Twist and Celebrities Front Row"

Emily Ratajkowski and Ashley Graham joined other stars at the PUMA Ready To Wear Fall 2024 runway show in NYC, showcasing stylish looks and enjoying the star-studded event. The show featured a variety of futuristic and ready-to-wear outfits, with celebrity guests adding their personal sense of style to the occasion.

Puma Cuts Ties with Israel's National Soccer Team
sports2 years ago

Puma Cuts Ties with Israel's National Soccer Team

German apparel brand Puma has announced that it will no longer sponsor Israel's national soccer team as part of its new business strategy. Puma denies that the decision is in response to pressure from pro-Palestinian activists calling for boycotts, divestment, and sanctions against Israel. The company's contract with Israel's soccer federation expires in 2024, and it has been the official sponsor of the national team since 2018. Puma's move follows a similar decision by Ben & Jerry's to stop selling its ice cream in the West Bank.

Puma Ends Sponsorship of Israel's National Soccer Team in 2022, Decision Unrelated to BDS Movement or Gaza War
sports2 years ago

Puma Ends Sponsorship of Israel's National Soccer Team in 2022, Decision Unrelated to BDS Movement or Gaza War

Puma will end its sponsorship of Israel's national soccer team next year, a decision that the company says is unrelated to the ongoing conflict in Gaza or the BDS movement. The decision was made in 2022 as part of Puma's strategy and was not influenced by external causes. The announcement has been celebrated by the pro-Palestinian BDS movement, which has targeted Puma since 2018. The Israel Football Association rejected the BDS campaign's characterization of the decision, stating that it was due to failed contract negotiations. Puma will announce new partnerships with other national teams in the coming year.

Puma Drops Sponsorship of Israel's National Football Team Amid Controversy
sports2 years ago

Puma Drops Sponsorship of Israel's National Football Team Amid Controversy

Puma will end its sponsorship of Israel's national football team next year as part of its "fewer-bigger-better strategy," according to a spokesperson for the German sportswear firm. The decision was made in 2022 and was not influenced by the boycott calls from the Palestinian-led Boycott, Divestment and Sanctions (BDS) movement. Puma's contracts with some federations, including Serbia and Israel, will expire in 2024. The BDS movement had called for a boycott of Puma over its sponsorship of the Israeli team, and boycott calls have grown stronger following Israel's military offensive in the Gaza Strip.

Puma Cuts Ties with Israeli Soccer Team, Ending Sponsorship
sports2 years ago

Puma Cuts Ties with Israeli Soccer Team, Ending Sponsorship

Puma will not renew its kit sponsorship deal with Israel's national soccer team when the contract expires in 2024, a decision the company says was made in 2022 and is unrelated to the Israel-Hamas conflict. Puma also announced the end of its deal with the Serbian national team and plans to unveil two new signees as part of its marketing strategy. The decision comes amid calls for boycotts against companies with business interests linked to Israel.