Retailers may not be able to fully offset these tariffs, as countering the impact of the levies on Vietnam alone would ...

Many sportswear brands shifted production away from China to avoid tariffs imposed years ago, but now they face punishing levies targeting alternative manufacturing hubs.

By Helen Reid (Reuters) -Sportswear brand Puma said on Thursday former Adidas sales chief Arthur Hoeld would take over as CEO ...

The German sportswear company Puma announced on Thursday that it has appointed Arthur Hoeld as its new chief executive as the ...

Puma has replaced chief executive Arne Freundt with Adidas’s former sales head Arthur Hoeld, ending a two-and-a-half-year tenure during which the German sportswear group’s shares halved in value.

Having taken the hint from Washington and moved production out of China to Viet Nam, apparel and athletic goods makers are ...

In an unexpected move, Puma SE chief executive officer Arne Freundt is stepping down from his role, effective April 11.

Arthur Hoeld will replace Arne Freundt as Puma CEO in July 2025. Freundt is leaving due to differing views on company ...

German sportswear group Puma replaced its CEO on Thursday after a period of struggling sales, with Adidas global sales chief ...

Puma said Freundt, CEO since November 2022, would step down on April 11 and Hoeld would take over as chairman and CEO effective July 1, with the board leading the company in the transition phase.

Puma replaces its CEO, Arne Freundt, following a period of declining sales. Arthur Hoeld, the global sales chief, will assume ...

Sneaker makers such as Adidas, Puma and Nike have increased their reliance on factories in Vietnam and Indonesia, especially ...