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Following a last-minute withdrawal from the couture calendar in January, the label, which is majority-owned by Pinault family investment fund Artémis, cancelled a runway outing scheduled for March 6.
The German owner of Nivea and La Prairie expects it sales growth to slow and its operating margin to shrink slightly in 2026 and it navigates disruptions in the US and China.
Major e-commerce platforms such as Shein and Amazon warn of longer delivery times after the US-led bombing campaign against Iran disrupted key air and sea routes in one of the industry’s fastest-growing markets.
Ascher worked at the American cosmetics firm for 25 years.
A US judge rejected the personal care giant’s bid to dismiss a lawsuit by Texas’ Attorney General accusing the company of failing to warn consumers that it may be unsafe for pregnant women to take Tylenol.
The bloc’s overhaul sharply reduces the number of companies covered by ESG reporting and supply chain due-diligence laws, easing compliance pressures but increasing concerns over accountability.
Chief executive Arthur Hoeld said Puma is counting on training, football, running and ‘sportstyle’ categories to generate profitable growth and buzz.
The cuts affect roughly 6 percent of the company’s global workforce and comes a week after it said it would acquire Depop.