|Bid||533.00 x 1000|
|Ask||534.50 x 2900|
|Day's Range||529.00 - 537.00|
|52 Week Range||384.00 - 554.50|
|Beta (3Y Monthly)||-0.09|
|PE Ratio (TTM)||42.20|
|Earnings Date||Feb 7, 2018 - Feb 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Chinese footwear retailer Belle International has hired Bank of America Merill Lynch (BAML) to help prepare for a Hong Kong listing of its sportswear business this year, said people with direct knowledge of the matter. The firm aims for a valuation of at least HK$20 billion ($2.55 billion) to HK$25 billion for the unit, which distributes brands such as Nike and Adidas, said two of the people. The divestiture comes nearly two years after BAML advised a consortium led by Hillhouse Capital Group and CDH Investments to take Belle private in a $6.8 billion deal completed in July 2017, as traditional retailers battled online competition.
BERLIN—Puma SE will become the official uniform supplier to reigning English Premier League champions Manchester City, taking one of soccer’s most prized assets from industry leader Nike Inc. The deal announced on Thursday is among Puma’s most aggressive marketing moves as it seeks to revitalize its image from industry laggard to fresh-faced brand. It recently relaunched its basketball offering, signing the top two overall 2018 NBA draft picks, Deandre Ayton and Marvin Bagley III, and became an NBA marketing partner this month.
Sportswear group Puma gave a conservative forecast for 2019 on Thursday despite strong fourth-quarter sales helped by demand for its chunky RS-X shoes and Cali sneakers, sending its shares down more than 6 percent. Chief Executive Bjorn Gulden conceded that the new target was cautious, but also said: "When there is upside, we'll take it. Puma has been growing faster than its bigger German rival Adidas and market leader Nike, helped by savvy social media campaigns and partnerships with celebrities like singers Selena Gomez and Rihanna and rap mogul Jay-Z.
Puma SE is struggling to keep up with consumers turning away from the minimalist retro sneakers in favor of chunkier styles influenced by the fashion runway. While shoppers had been snapping up revived versions of classics like the German company’s Clyde and rival Adidas AG’s Stan Smith, driving the sports-shoe industry’s growth, they’ve begun to favor bulkier footwear inspired by luxury brands’ designs like the Balenciaga’s $900 Triple S. “The first six months of the year showed major shifts in product trends and consumer demand, especially for footwear,” Puma Chief Executive Officer Bjoern Gulden said.
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Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research. On this episode, Content Writer Ben Rains discusses Nike (NKE) and tells investors what to expect from the sportswear giant's upcoming fourth quarter financial results, which are due out Thursday. Rains then dives into everything investors need to know about Puma SE (PUM.DE) after the German sportswear company decided to jump back into basketball for the first time in 20 years.
Puma has signed this year's top NBA Draft prospect, and named Jay Z creative director of Puma Basketball, as it jumps back into the NBA sneaker game.
Today, I will be analyzing PUMA SE’s (DB:PUM) recent ownership structure, an important but not-so-popular subject among individual investors. A company’s ownership structure is often linked to its share performanceRead More...
For investors, increase in profitability and industry-beating performance can be essential considerations in an investment. Below, I will examine PUMA SE’s (DB:PUM) track record on a high level, to giveRead More...