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ubs downgrades puma to sell amid ongoing performance challenges

UBS has downgraded Puma from "neutral" to "sell," citing ongoing challenges that may hinder performance and lead to slower growth and reduced margins. The shift towards a direct-to-consumer model and competition from Adidas and Nike are significant concerns. Following the company's recent results, shares plummeted by as much as 23%, marking a 50% decline year-to-date.

UBS downgrades Puma to sell amid ongoing financial struggles

UBS has downgraded Puma's shares from "Neutral" to "Sell" and cut its price target from €43.90 to €19.50, citing ongoing challenges for the sportswear company. Analyst Robert Krankowski noted that the hardest times are not yet over, with significant risks to market expectations following disappointing business results.

bacca bucci secures 2.5 million funding to expand fast fashion footwear brand

Bacca Bucci, a fast fashion footwear brand targeting Gen-Z, has secured $2.5 million in its first funding round, primarily from the Taparia family. Founded in 2012, the Delhi NCR-based startup has rapidly grown, generating 90% of its sales online and recently expanding into the Dubai market. Following a notable appearance on Shark Tank India, Bacca Bucci experienced a significant surge in website traffic and opened a new warehouse to enhance logistics and meet rising demand.

US sneaker supply at risk if tariffs extend to Vietnam

The U.S. risks sneaker shortages if tariffs are extended to Vietnam, where a significant portion of athletic footwear is produced. With over half of U.S. sneaker imports coming from China and Vietnam, rising costs could lead to higher prices for consumers, as companies may face a 1% margin loss. The situation is compounded by limited domestic production and low stock levels from major brands.

Nike shares show signs of recovery amid competitive challenges and market pressures

Nike shares have plummeted over 50% since 2021 due to macroeconomic challenges, fierce competition, and poor inventory management. However, recent technical indicators suggest a potential turnaround, bolstered by a rebound in share price and the involvement of activist investor Bill Ackman. Key resistance levels to watch are around $90 and $100, with any positive news likely to further boost market sentiment.

Raiffeisen threatens to withdraw sponsorship amid ÖFB leadership turmoil

A power struggle within Austria's largest sports association, ÖFB, has prompted sponsor Raiffeisen to threaten withdrawal unless the organization adopts a more professional approach. CEO Petra Walter's letter to the executive committee calls for an external president and suggests candidates, warning that internal interests could jeopardize future cooperation. Interim president Wolfgang Bartosch's ambitions for a permanent role appear increasingly unrealistic amid these developments.
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