Latest news with #Herzogenaurach-based
Fashion United
2 days ago
- Business
- Fashion United
Customs uncertainty pushes Adidas share price down
Customs uncertainty and uncertain end markets are impacting Adidas' performance and putting pressure on the sportswear manufacturer's share price. Shares fell by more than seven percent in the DAX after the release of the company's quarterly figures. The group did not raise its forecast for operating profit (EBIT) this year, according to investment bank Jefferies. Now, experts are questioning whether the uncertain situation will also lead to more turbulence for wholesale order books. The strong euro weighed on sales development, as the Herzogenaurach-based company announced. Revenues increased by around two percent to 5.95 billion euros. Currency-adjusted, Adidas achieved an eight percent increase. Operating profit improved by 57.7 percent to 546 million euros, exceeding analysts' expectations. Adidas benefited from fewer discounts, as well as lower product and freight costs. For the remainder of the year, the company continues to see 'potential for improvement'. However, US customs policy poses high risks. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Fashion Network
16-05-2025
- Business
- Fashion Network
Puma appoints Dominique Gathier as vice president of Teamsport
The sports company Puma has appointed Dominique Gathier as vice president of its Teamsport business unit, effective May 15. He succeeds Matthias Bäumer, who assumed the position of chief commercial officer earlier this year, and will report directly to chief product officer Maria Valdes. The 45-year-old executive, who holds both French and German citizenship, has been with the Herzogenaurach-based company for 19 years. Over nearly two decades, Gathier has held several key roles in marketing and product development. Most recently, he served as senior director of product line management for Teamsport footwear and equipment. In this role, he oversaw the development of Puma's top-performing football boot models, including the Future, Ultra and King lines. He earned a degree in management from Kedge Business School in Bordeaux, France. 'With Dominique, an experienced leader will take over our Teamsport business unit, as he played a key role in developing some of our most successful performance products,' said chief product officer Maria Valdes. 'I'm confident that Dominique will continue to build on Puma's strong momentum in the Teamsport segment and bring exciting new products to market—products that will inspire athletes, whether professional or amateur, as well as teams and fans around the world.' Gathier will lead the entire product team within the business unit in his new role. 'He will be responsible for ensuring the successful development and execution of product strategies, working closely with Puma's many external partners, including clubs and associations,' the company stated. Puma's Teamsport unit produces footwear, apparel and accessories for football, as well as other regionally significant sports, such as handball, rugby and cricket.
Fashion Network
15-05-2025
- Business
- Fashion Network
Puma appoints Dominique Gathier as vice president of Teamsport
The sports company Puma has appointed Dominique Gathier as vice president of its Teamsport business unit, effective May 15. He succeeds Matthias Bäumer, who assumed the position of chief commercial officer earlier this year, and will report directly to chief product officer Maria Valdes. The 45-year-old executive, who holds both French and German citizenship, has been with the Herzogenaurach-based company for 19 years. Over nearly two decades, Gathier has held several key roles in marketing and product development. Most recently, he served as senior director of product line management for Teamsport footwear and equipment. In this role, he oversaw the development of Puma's top-performing football boot models, including the Future, Ultra and King lines. He earned a degree in management from Kedge Business School in Bordeaux, France. 'With Dominique, an experienced leader will take over our Teamsport business unit, as he played a key role in developing some of our most successful performance products,' said chief product officer Maria Valdes. 'I'm confident that Dominique will continue to build on Puma's strong momentum in the Teamsport segment and bring exciting new products to market—products that will inspire athletes, whether professional or amateur, as well as teams and fans around the world.' Gathier will lead the entire product team within the business unit in his new role. 'He will be responsible for ensuring the successful development and execution of product strategies, working closely with Puma's many external partners, including clubs and associations,' the company stated. Puma's Teamsport unit produces footwear, apparel and accessories for football, as well as other regionally significant sports, such as handball, rugby and cricket.
Fashion Network
15-05-2025
- Business
- Fashion Network
Puma appoints Dominique Gathier as vice president of Teamsport
The sports company Puma has appointed Dominique Gathier as vice president of its Teamsport business unit, effective May 15. He succeeds Matthias Bäumer, who assumed the position of chief commercial officer earlier this year, and will report directly to chief product officer Maria Valdes. The 45-year-old executive, who holds both French and German citizenship, has been with the Herzogenaurach-based company for 19 years. Over nearly two decades, Gathier has held several key roles in marketing and product development. Most recently, he served as senior director of product line management for Teamsport footwear and equipment. In this role, he oversaw the development of Puma's top-performing football boot models, including the Future, Ultra and King lines. He earned a degree in management from Kedge Business School in Bordeaux, France. 'With Dominique, an experienced leader will take over our Teamsport business unit, as he played a key role in developing some of our most successful performance products,' said chief product officer Maria Valdes. 'I'm confident that Dominique will continue to build on Puma's strong momentum in the Teamsport segment and bring exciting new products to market—products that will inspire athletes, whether professional or amateur, as well as teams and fans around the world.' Gathier will lead the entire product team within the business unit in his new role. 'He will be responsible for ensuring the successful development and execution of product strategies, working closely with Puma's many external partners, including clubs and associations,' the company stated. Puma's Teamsport unit produces footwear, apparel and accessories for football, as well as other regionally significant sports, such as handball, rugby and cricket.
Fashion Network
15-05-2025
- Business
- Fashion Network
Puma appoints Dominique Gathier as vice president of Teamsport
The sports company Puma has appointed Dominique Gathier as vice president of its Teamsport business unit, effective May 15. He succeeds Matthias Bäumer, who assumed the position of chief commercial officer earlier this year, and will report directly to chief product officer Maria Valdes. The 45-year-old executive, who holds both French and German citizenship, has been with the Herzogenaurach-based company for 19 years. Over nearly two decades, Gathier has held several key roles in marketing and product development. Most recently, he served as senior director of product line management for Teamsport footwear and equipment. In this role, he oversaw the development of Puma's top-performing football boot models, including the Future, Ultra and King lines. He earned a degree in management from Kedge Business School in Bordeaux, France. 'With Dominique, an experienced leader will take over our Teamsport business unit, as he played a key role in developing some of our most successful performance products,' said chief product officer Maria Valdes. 'I'm confident that Dominique will continue to build on Puma's strong momentum in the Teamsport segment and bring exciting new products to market—products that will inspire athletes, whether professional or amateur, as well as teams and fans around the world.' Gathier will lead the entire product team within the business unit in his new role. 'He will be responsible for ensuring the successful development and execution of product strategies, working closely with Puma's many external partners, including clubs and associations,' the company stated. Puma's Teamsport unit produces footwear, apparel and accessories for football, as well as other regionally significant sports, such as handball, rugby and cricket.
