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Puma CEO expects double-digit growth in China this year: report

Published Fri, Oct 6, 2023 · 11:27 PM
    • “In China, we see a gradual improvement in the market environment and expect to return to double-digit growth already this year,” says Puma CEO Arne Freundt.
    • “In China, we see a gradual improvement in the market environment and expect to return to double-digit growth already this year,” says Puma CEO Arne Freundt. PHOTO: REUTERS

    PUMA chief executive Arne Freundt said that the sportswear company expects to return to double-digit growth in China this year, according to an interview released by the Euro am Sonntag news outlet on Friday (Oct 6).

    “In China, we see a gradual improvement in the market environment and expect to return to double-digit growth already this year,” he said.

    Freundt added that he expects Puma will return to growth in the US despite a difficult market environment.

    “In the US we have a very difficult market environment, but we are very confident that we will grow again in 2024,” said Freundt. REUTERS

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