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Puma CEO sees sales doubling to more than $11 bln-report

Mark White by Mark White
September 27, 2021
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The logo of German sports goods firm Puma is seen at the entrance of one of its stores in Vienna, Austria, March 18, 2016. REUTERS/Leonhard Foeger

BERLIN, Sept 27 (Reuters) – German sportswear company Puma (PUMG.DE) has the potential to double its sales to more than 10 billion euros ($11.71 billion) in the longer term, Chief Executive Bjorn Gulden was quoted as saying on Monday.

Gulden told the Handelsblatt newspaper that Puma is doing well in the third quarter and is optimistic for the fourth quarter, despite the current challenges, such as the closure of factories in Vietnam and a shortage of shipping containers.

($1 = 0.8537 euros)

Reporting by Emma Thomasson
Editing by Madeline Chambers

Our Standards: The Thomson Reuters Trust Principles.

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Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

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