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Puma SE is a German multinational corporation which designs and manufactures athletic and casual footwear, apparel, and accessories, headquartered in , Bavaria, Germany. Puma is the third largest manufacturer in the world.

The company was founded in 1948 by (1898–1974). In 1924, Rudolf and his brother had jointly formed the company Gebrüder Dassler Schuhfabrik ('Dassler Brothers Shoe Factory'). The relationship between the two brothers deteriorated until they agreed to split in 1948, forming two separate entities, and Puma. Following the split, Rudolf originally registered the newly established company as Ruda (derived from Rudolf Dassler, as Adidas was based on Adi Dassler), but later changed the name to Puma. Puma's earliest logo consisted of a square and beast jumping through a D, which was registered, along with the company's name, in 1948. Puma's shoe and clothing designs feature the Puma logo and the distinctive "Formstrip" which was introduced in 1958.


History

Background
Christoph Dassler was a worker in a , while his wife Pauline ran a small laundry in the town of Herzogenaurach, from the city of . After leaving school, their son, , joined his father at the shoe factory. When he returned from fighting in World War I, Rudolf was trained as a salesman at a factory, and later in a leather trading business in Nuremberg.

In July 1924, Rudolf and his younger brother, , nicknamed "Adi", founded a shoe factory. They named the new business "Gebrüder Dassler Schuhfabrik" ( Dassler Brothers Shoe Factory) which was the only business at the time that manufactured sports shoes. The pair started their venture in their mother's laundry. At the time, electricity supplies in the town were unreliable, and the brothers sometimes had to use pedal power from a stationary bicycle to run their equipment. In 1927, they moved into a separate building.about.puma.com

The brothers drove from Bavaria to the 1936 Summer Olympics in Berlin with a suitcase full of spikes and persuaded United States sprinter to use them, the first sponsorship for an African American. Owens won four gold medals. Business boomed; the Dasslers were selling 200,000 pairs of shoes annually before World War II.

Both brothers joined the , but Rudolf was a keen Nazi, who applied to join, and was accepted into the ; they produced boots for the . A growing rift between the brothers reached a breaking point during a 1943 Allied bomb attack. Adi and his wife climbed into a bomb shelter that Rudolf and his family were already in. "Here are the bloody bastards again," Adi remarked, apparently referring to the Allied warplanes, but Rudolf, due to his apparent insecurity, was convinced his brother meant him and his family. When Rudolf was later picked up by American soldiers and accused of being a member of the , he was convinced that his brother had turned him in.


Split and creation of Puma
After increasingly different views of how to run the business, the brothers split the business in 1948. Rudolf moved to the other side of the Aurach River to start his own company. Adolf started his own company using a name he formed using his nickname—Adi—and the first three letters of his last name—Das—to establish . Rudolf created a new firm that he called "Ruda", from "Ru" in Rudolf and "Da" in Dassler. A few months later, Rudolf's company changed its name to Puma Schuhfabrik Rudolf Dassler.

Puma and Adidas entered a fierce and bitter rivalry after the split. The town of Herzogenaurach was divided on the issue, leading to the nickname "the town of bent necks"—people looked down to see which shoes strangers wore.

In the first football match after World War II in 1948, several members of the West Germany national football team wore Puma boots, including the scorer of West Germany's first post-war goal, Herbert Burdenski.

(2025). 9781118943731, John Wiley & Sons. .
Rudolf developed a football boot with screw-in studs, called the "Super Atom" in collaboration with people such as West Germany's national coach .


Olympic presence, World Cup, and the Pelé Pact
At the 1952 Summer Olympics, 1500 metres runner of won Puma's first Olympic gold in , Finland.

At the 1960 Summer Olympics, Puma paid German sprinter to wear Pumas in the 100-metre sprint final. Hary had previously worn Adidas products and approached Adolf for compensation. However, Adidas declined the request. Despite winning a gold medal in Pumas, Hary chose to wear Adidas during the medals ceremony, surprising the two Dassler brothers. Hary seemingly aimed to benefit financially from both brands, but Adolf was infuriated to the extent of banning the Olympic champion.

During the 1968 Olympics Black Power Salute, Puma-sponsored African-American athletes and , after having won gold and bronze in the 200 meters, respectively, took to the podium with their shoes in hand and bowed their heads and raised their black-gloved fists in silent protest during the playing of the national anthem, an act meant to stand up for human rights and to stand up for black Americans.

A few months prior to the 1970 FIFA World Cup, (Rudolf's son) of Puma and his cousin (Adi's son) of Adidas sealed an agreement which was dubbed "The Pelé Pact". This agreement dictated that Pelé would be out of bounds for both Adidas and Puma, feeling that a bidding war for the most famous athlete in the world would become too expensive, only for Puma to break the pact and sign him.

In addition to paying Pelé a percentage of Puma King boot sales, Puma paid him $120,000 ($2.85 million in 2022) to tie his laces prior to Brazil's quarter-final game against Peru to advertise their boots. An idea conceived by Puma's representative Hans Henningsen, Pelé stopped the referee from starting the game with a last-second request to tie his shoelaces, and with the camera panning in on Pelé, the Puma King boots were broadcast to a global audience, generating enormous publicity for the brand.

The most notable event in the Dassler brothers feud, the breaking of the "Pelé Pact" outraged Horst, and future peace agreements were called off. The Puma deal for Pelé was praised as a shrewd marketing move, and many business experts credit the rivalry and competition between the two companies for transforming sports apparel into a highly lucrative industry.

During the 1972 Summer Olympics, Puma provided shoes for the Ugandan 400 metres hurdles champion, . After Akii-Bua was forced out of Uganda by its military government, Puma employed him in Germany. Eventually, Akii-Bua returned to Uganda.

Puma launched the in 1973, a basketball shoe based on the Suede. Designed for basketball player , it gained wide popularity and became significant in the old school hip hop and subcultures.


Going public
Puma became a public company in 1986,
(2012). 9780810879850, Scarecrow Press. .
and thereafter was listed on the Börse München and Frankfurt Stock Exchange; its first profit since the was registered in 1994. In May 1989, Rudolf's sons Armin and Gerd Dassler sold their 72 percent stake in Puma to Swiss business Cosa Liebermann SA.
(2015). 9781118943717, John Wiley & Sons. .
The company acquired Scandinavian Tretorn Group in 2001, later sold to Authentic Brands Group in 2015. For the fiscal year 2003, the company had revenue of €1.274 billion, and majority shareholder Monarchy/Regency sold its shareholdings to a broad base of institutional investors.

In February 2007, Puma reported that its profits had fallen by 26% to €32.8 million ($43 million; £22 million) during the final three months of 2006. Most of the decline in profits was due to higher costs linked to its expansion; sales rose by more than a third to €480.6 million. In early April, Puma's shares rose €29.25 per share, or about 10.2%, to €315.24 per share. On 10 April, the French conglomerate PPR (which became Kering in 2013) announced that it had bought a 27% stake in Puma, clearing the way for a full takeover. The deal valued Puma at €5.3 billion. PPR said that it would launch a friendly takeover of Puma, worth €330 a share, once the acquisition of the smaller stake was completed. The board of Puma welcomed the move, saying it was fair and in the firm's best interests. As of July 2007, PPR owned over 60% of Puma stock.

In 2008, Melody Harris-Jensbach was appointed deputy chief executive officer; designer and artist became creative director, and Puma acquired a majority stake in Chalayan's fashion business.


2010 onward
In 2010, Puma acquired , and took over bodywear and socks company Dobotex the following year. In July 2011, the company completed a conversion from an Aktiengesellschaft (German limited company) to a Societas Europaea, the -wide equivalent, changing its name from Puma AG Rudolf Dassler Sport to Puma SE. At the same time, replaced the long-serving as the firm's chief executive officer (CEO), with Zeitz becoming chairman. The company has been led by former football professional Bjørn Gulden since 1 July 2013. Arne Freundt was appointed CEO in November 2022.

In April 2025, Puma announced that CEO Arne Freundt would step down due to differing views on strategy with the supervisory board. He is to be succeeded by Arthur Hoeld, a former executive, effective 1 July 2025.


Finances
Puma has been a public company since 1986, listed on the Frankfurt Stock Exchange. French luxury group (formerly known as PPR) holds 9.8%, Kering's largest shareholder Groupe Artemis owns 29% of the share capital.

Puma ranks as one of the top shoe brands with Adidas and Nike, and employs more than 18,000 people worldwide. The company has corporate offices around the world, including four defined as "central hubs": , Somerville, Massachusetts; ; Ho Chi Minh City, Vietnam; and global headquarters in , Germany.

+ Financial data in € millions !Year !2013 !2014 !2015 !2016 !2017 !2018 !2019 !2020 !2021 !2022 !2023
2,9852,9723,3873,6274,1364,6485,5025,2346,8058,4658,601
564376213618726279310353304.9
2,3092,5502,6202,7652,8543,2074,3784,6845,7286,7726,640
Employees10,75010,83011,35111,49511,78712,89414,33214,37416,12518,07118,681

Puma utilizes social media marketing activities (SMMA) to leverage customer purchases in Indonesia and boost brand awareness, brand image, and brand equity. Purchase intention was significantly influenced by brand awareness caused by SMMA. When consumers are more aware of Puma and have a positive image of the brand, they are more likely to purchase its products. Puma's social media marketing strategies have a direct effect on purchase intentions, which is a leading indicator of actual sales, especially in the middle class.

Through supply chain finance, Puma helps suppliers avoid cash flow issues by offering early payment on invoices, reducing costs and risk. The company uses the Infor Nexus digital platform to streamline the process, connecting buyers, suppliers, and banks. This platform enables fast, electronic payment and provides transparency, reducing manual work for suppliers and offering quicker access to financing, with payments made within five days of delivery.


Sponsorships
International footballers , retired , retired Sergio Agüero, Antoine Griezmann, , , Luis Suárez, retired , retired , , Christian Pulisic, , , , , , , Antony and more sport Puma football boots.

Puma holds a 5% stake in German football club Borussia Dortmund, and has been its supplier since 2012. In 2014, Puma and Arsenal Football Club entered a 5-year merchandising partnership, the biggest deal in Puma and Arsenal's history. The partnership ended in 2019. Other football clubs include Barrow A.F.C., Derby County, Southampton F.C., Manchester City F.C., Galatasaray S.K., Olympique de Marseille, Sociedade Esportiva Palmeiras, Borussia Mönchengladbach, Club Cerro Porteño, , Bodø/Glimt, , FC Red Bull Salzburg, FC Shakhtar Donetsk, , , , , Peñarol, Parma Calcio 1913, Club Bolívar, Club Atlético Independiente, Club de Fútbol Monterrey, Chivas de Guadalajara, , Mumbai City FC, Universidad Católica, Universitatea Craiova, Kawasaki Frontale, , , Kyoto Sanga FC and many others. National football teams include Ghana, Ivory Coast, Iceland, New Zealand, Senegal, Paraguay, Switzerland, Austria, Morocco, Egypt, Bahrain, Philippines, Portugal, Malaysia and Brunei. Puma footballs are the official ball of top-level leagues in , , Scotland, as well as the English Football League. Beginning in the 2025–26 season, Puma will provide the match ball for England's in a deal which will also see PGMOL referees in England's top four divisions wear Puma kits.

Since 2018, the Boycott, Divestment and Sanctions (BDS) movement has called for a boycott of Puma over its sponsorship of the Israel Football Association and demanded that the company "end complicity with the Israeli colonial and apartheid regime." The BDS campaign also stated that Puma contracted with an Israeli distributor operating in illegal Israeli settlements in the West Bank. Puma ended its sponsorship of the Israel national football team in 2024.

In athletics (track and field), as of February 2025, Puma sponsors the Bahamas Olympic Committee, Jamaica Olympic Committee, Trinidad and Tobago Olympic Committee, Bahamas Athletics Association, Cuba Athletics Federation, Jamaica Athletics Association, Portugal Athletics Federation, and Switzerland Athletics Federation. They sponsor athletes , , , Yaroslava Mahuchikh, , , , Konstanze Klosterhalfen, Andre De Grasse, and Elaine Thompson-Herah. Several world records were achieved by athletes wearing Puma shoes, such as Heinz Fütterer (1954), (1960), (1968), (1968), (2015), and Usain Bolt (2002).

In 2018, Puma announced its entrance back into basketball after a break of almost 20 years, and appointed as the division's creative director. Marvin Bagley III, , , and Michael Porter Jr. are the first players to join Puma's basketball roster and play in performance Puma basketball shoes. In December 2021, the brand launched High Court, its first women's basketball line, designed by creative director .

Puma made its partnership with after 28 years by sponsoring the in 2018, and became the official apparel sponsor of New Zealand's national netball team, the . Golfers such as and are equipped by Puma's golf brand Cobra Golf. Puma has also sponsored cricketers such as , , and .

Puma is the main producer of enthusiast driving shoes and race suits and entered a partnership with , and to make their respective shoes. In Formula 1, Puma equips the teams of , Aston Martin Aramco, Stake Kick Sauber, and Williams. They also equipped Red Bull Racing until 2022. In 2024 Puma became the official Formula 1 trackside vendor and personnel supplier, and also became an official partner of F1 Academy. The company sponsors , and in all of their Motorsports activities. In , Puma equips with fire suits, gloves, and shoes. They also sponsor NY Racing Team.

fashion show]] was named creative director of Puma's womenswear line in December 2014. Two years later, Puma partnered with as a creative collaborator. In 2018, Puma launched its venture with its ambassador called "Phenom Lux" In 2019, became Puma's brand ambassador. Puma has also partnered with , NBA athlete, in 2020 to create a line including sports, culture, music and fashion.

In 2024, Puma appointed as its running ambassador. The same year, Sekou became the brand's ambassador. Later in June, Rosé becomes Puma's brand ambassador.


Labour practices and factory conditions
In 2000, Puma began auditing all of its suppliers on a yearly basis, and makes the results available in its sustainability reports. Since 2005, it has publicly provided a list of its suppliers.Puma, Puma releases 2007–2008 Sustainability Report, 2009. Retrieved 20 January 2011.

In August 2004, a joint report from the National Labor Committee and China Labor Watch stated that workers at some of Puma's Chinese factories were enduring conditions, working up to 16.5 hours per day for about US$0.31 an hour. Puma said it would investigate the claims.

In February 2012, a woman who worked for one of Puma's suppliers in was shot during a protest over factory working conditions. Puma acknowledged the poor working conditions and said it would work to improve the situation.

According to a joint report from Labour Behind the Label and Community Legal Education Centre, 30 workers fainted in November 2012 while producing clothing for Puma in China. The faintings were caused by excessive heat and alleged forced overtime. In 2014, almost 120 workers fainted in two Cambodian clothing factories where sportswear was being produced for Puma and Adidas, due to temperatures above . In March 2017, 150 workers assembling Puma products in Cambodia fainted due to thick smoke.

Puma has obtained the Ethical Clothing Australia accreditation for its Australian-made products.Ethical Clothing Australia, Accredited sports brands. Retrieved 20 January 2011. This labour-friendly accreditation applies to only a small percentage of Puma's total production.

In 2020, the Australian Strategic Policy Institute accused at least 82 major brands, including Puma, of being connected to forced labor in . In 2022, researchers from Nordhausen University of Applied Sciences identified cotton from Xinjiang in Puma shirts.

Research funded by the Progressive Alliance of Socialists and Democrats of the European Parliament and the , conducted by Uyghur Rights Monitor, Sheffield Hallam University, and the Uyghur Center for Democracy and Human Rights, showed in December 2023 that Puma is supplied by Gain Lucky, an international intermediary of Anhui Huamao, a textile manufacturer that has a history of using forced labour by Uyghurs .


Environmental practices
In May 2011, English newspaper stated that Puma was the "world's first major company to put a value on its environmental impact" and that Puma "has made a commitment that within four years, half its international collections will be manufactured according to its internal standard, by using more sustainable materials such as recycled polyester, as well as ensuring its suppliers develop more sustainable materials and products."

Puma is also known for boosting positive environmental practices in its through financial incentives. The supply chain finance scheme implemented links the sustainability performance of key suppliers to the costs at which they can access finance. Puma managed to limit the carbon emissions that emanate from its supply chain through employing more eco-friendly and less carbon intensive materials. The system won the company an "Innovation Award" in Supply Chain Finance in 2016.

Puma managed to reduce its own carbon emissions worldwide by 88% between 2017 and 2021. This was mainly facilitated through buying renewable energy or renewable energy certificates.

In 2023, Puma announced that it would stop using kangaroo leather in its products, including its redesigned KING football boot, which features uppers containing at least 20% recycled material.Dan Hajducky," Nike, Puma to stop using kangaroo leather in soccer boots, all products ," ESPN, 13 March 2023." 0% Leather, 110% KING - PUMA Phases out K-Leather With Innovative K-BETTER™ Technology ," BusinessWire.com, 2 March 2023. Also, in April 2023, Puma announced its new sustainable initiative, Voices of a Re:Generation, which aims to develop the brand's 'sustainable journey' through involving the 'recommendations' and 'perspectives' of the next generation. Voices of Re:Generation is made up of young activists in Europe and the U.S. ranging from 12 to 30 years old. They take action through protests, rallies, petitions, and partnerships with major companies, like Puma. The initiative features figures like Alice Aedy and Andrew Burgess, who aim to make sustainability more transparent and resonate with Gen Z. It also seeks to combat "greenwashing" through actionable steps and inclusivity. As teen spending power grows, Puma’s focus on environmental priorities aligns with this demographic's values, complementing other Gen Z-focused efforts like projects.

Puma's focus on the environment and partnerships with these sustainability initiatives has paid off. The company's values reflect the growing consumer demand for environmentally conscious brands. This has led to an increase in Puma's product demand, therefore boosting their finances.

In January 2024, the fashion Energy Report of Utility Bidder, a utility switching service, categorized Puma as the 'most sustainable brand' with a high sustainability rating, a high level of transparency, and a low amount of CO2 produced when someone visits their website.


Bibliography


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