Puma

Candytoy plans to raise 90 cr by diluting 10% stake at Rs 900-cr valuation

Candytoy Corporate, the manufacturer of candy toys for companies such as Colgate, Puma, MTR, Bournvita, Yellow Diamonds, Vistara Airlines and AirAsia among others, is aiming for around Rs 450 crore turnover by the next fiscal year, founder Director Gaurav Mirchandani has said. Moreover, to fund its growth plans, the Indore-based company has plans to raise 90 crore by divesting 10 per cent equity at a valuation of Rs 900 crore, he added. Besides, the bootstrap startup firm also plans to get listed on the stock exchange in the next three years, Mirchandani said. "We are diluting 10 per cent stake in the company through a VC. We are bringing Rs 90 crore which will be primarily invested this year to make sure that we are touching around Rs 400 crore to Rs 450 crore turnover by the next financial year," Mirchandani told PTI. Candytoy Corporate Pvt Ltd (CTC) had a turnover of around Rs 250 crore in FY 2023-24. "Now with 30 per cent y-o-y growth in orders for the last two years, we see t

Puma expects weaker first half due to 'challenging' market conditions

Sportswear companies including Adidas, Nike, and Puma, have seen demand weaken as customers battling with inflation cut spending on non-essential goods

Are virtual influencers impactful?

Meticulously crafted computer-generated characters, with personalities and backstories are amassing millions of followers, becoming brand ambassadors for MNCs like KFC, Puma, and more

Relationship with Virat Kohli long-standing, continues: Puma India MD

German sports brand Puma on Wednesday affirmed its association with India's star batter Virat Kohli. Rejecting the reports that Kohli is considering ending its 8-year-old deal as its brand ambassador, Puma India Managing Director Karthik Balagopalan said the association still continues. "PUMA's relationship with Virat Kohli is long-standing and continues," Balagopalan said. There were reports that the ace cricketer may end its association with Puma and may join Agilitas Sports as its brand ambassador. Agilitas Sports is an entrepreneurial venture started by Puma India's former Managing Director Abhishek Ganguly. Puma had signed Kohli as its brand ambassador in 2017, a deal considered to be around Rs 110 crore.

In China+1 plan, Chennai right fit for non-leather footwear majors

Several suppliers of non-leather footwear players like Nike, Adidas, Puma, and Reebok have either set up their units in Tamil Nadu or are close to sealing a deal

Puma signs Shami as its brand ambassador, launches new spikes for pacers

Puma has already onboarded Virat Kohli, Usain Bolt, Neymar Jr, Sunil Chhetri, MC Mary Kom, Harmanpreet Kaur, Harleen Deol, and Avani Lekhara as its brand ambassadors

Outgoing Puma India chief Abhishek Ganguly's new venture raises Rs 430 cr

Agilitas Sports will be a solutions platform for sportswear and athleisure

Karthik Balagopalan to replace Abhishek Ganguly as MD of Puma India

Ganguly had been the MD of the company since 2014 and is leaving to pursue 'a career as an entrepreneur in his own venture'

Puma names Anushka Sharma brand ambassador, aims to boost women's business

She joins 30-35 other brand ambassadors such as husband Virat Kohli, Kareena Kapoor Khan, Yuvraj Singh; will endorse brand's footwear, apparel and accessories, including select collections

Sportswear giant creates unique birthday tribute for Kohli

Bringing together thousands of Virat Kohli fans, leading sportswear brand Puma, in a unique birthday tribute, created a massive mural of the Indian batting maestro by using 5000 red cricket balls at Mumbai's Carter Road Amphitheatre on Saturday. A 20ft-by-20ft mural of Kohli's face was created in a marathon nine-hour activity that began at 8:00 am. "Virat Kohli is a modern-day cricket legend and has a special place in the fans' heart. He is an inspiration to not only a legion of fans but even the professionals associated with the game. "It was our endeavour to bring them all together and make it a special birthday celebration for one of the most complete batsmen of this era," said Abhishek Ganguly, Managing Director, PUMA India and Southeast Asia. What made the celebration even more special was the presence of Kohli's childhood coach, Rajkumar Sharma. "It looks amazing and very creative from team PUMA and I will definitely send it to Virat as well. It fills my heart with great pri

Flipkart unveils Flipverse, a virtual shopping experience in metaverse

The e-commerce firm has partnered with Web3 entertainment firm eDAO for the initiative where consumers can discover products in photorealistic virtual destinations and shop on Flipkart App

Copyright infringement: Supreme Court allows Puma to withdraw its case

The Sports Company had filed a petition against an order of the Punjab and Haryana High Court in which the court had refused to quash a criminal complaint against it for copyright infringement

Puma launches mobile shopping app in India to enhance digital offerings

German sports brand Puma on Tuesday said it has launched mobile shopping app in India to further enhance digital offerings for consumers and provide quicker access to its products.

Campus garners 37% topline from online sales in first nine months of FY22

The Delhi-based firm is launching its Rs 1,400-crore Initial Public Offering (IPO) through the offer for sale route on Tuesday at a price band of Rs 278-292 per share

RCB deal an ideal extension of our partnership with Kohli: Abhishek Ganguly

Abhishek Ganguly, MD, Puma India and Southeast Asia, talks to Dhruv Munjal about the partnership, how the company has dealt with the pandemic, and why it continues to be the dominant force in India

Puma signs multi-year deal with Kohli-led Royal Challengers Bangalore

Global sports brand PUMA has signed a strategic long-term partnership with IPL franchise RCB. With this, PUMA has become the only global sports brand to currently be associated with an IPL franchise

Team India kit sponsorship: Puma buys bid document, Adidas may enter fray

A senior industry insider explained the whole sponsorship issue in these turbulent economic times

We've found the right balance between online & offline, says PUMA India MD

We don't want one to grow at the cost of the other, PUMA India MD tells Shubhomoy Sikdar

Puma puts best foot forward in infant wear, smart watches segments

Opens its biggest India store in Bengaluru to give an experiential taste to buyers

Sprinter Dutee Chand strikes two-year endorsement deal with Puma

The firm said it was helping Chand with her training needs to qualify for next year's Tokyo Olympics