Streetbeat News

PMMAF

Puma SE

https://puma.com/

CEO

Bjoern Gulden

Industry

Footwear Manufacturing

Open

45.46

Mkt cap

7.4B

Volume

200

High

49.88

P/E Ratio

26.53

52-wk high

65.62

Low

45.46

Div yield

0.02

52-wk low

37.70

Nike's attempt to trademark 'footware' for tech-related products was rejected by the General Court of the European Union, following a challenge from Puma. The court ruled that 'footware' could be confused with the generic term 'footwear' and mandated Nike to cover Puma's legal expenses. Nike has the option to appeal to the European Court of Justice.

Portfolio Pulse from Shivani Kumaresan

June 13, 2024 | 1:24 pm

Nike Inc is close to finalizing a significant endorsement deal with basketball star Caitlin Clark, who is expected to make her professional debut in May. Clark, the first overall pick in the WNBA draft by the Indiana Fever, had a previous sponsorship with Nike during her college career. The deal includes launching her own signature line of footwear, as Nike aims to build a young roster of basketball talents. This aligns with the industry's growing focus on women's sports and the rarity of sneaker lines for female athletes. Puma SE also has a deal with Breanna Stewart, highlighting a similar focus on women's sports endorsements.

Portfolio Pulse from Shivani Kumaresan

April 19, 2024 | 11:18 am

Ferrari has renewed and strengthened its multi-year partnership with Puma. The partnership will continue to see Puma as the official apparel partner of Ferrari.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 4:11 am

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