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In a significant blow to the reputation and financial standing of German sportswear giant Puma, shares plunged by 20% following a disappointing quarterly earnings report. This sharp drop in share value has raised serious concerns among investors and analysts, signaling potential difficulties ahead for the brand in a highly competitive market. The weak profit results, […]
In a bold move aimed at streamlining operations, Adidas, the renowned global sportswear company, is set to cut up to 500 jobs at its headquarters in Herzogenaurach, Germany. This announcement, coming from a source familiar with the situation, marks a significant step in the company’s ongoing efforts to adjust its workforce and align with the […]
