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Puma’s full-year outlook raised yet again after strong Q3

An increase in sales during Puma‘s third quarter has allowed the retailer and fashion brand to raise its full year guidance once again. In its third quarterly update, to be released on October 24, the German company expects to see consolidated sales grow 13.3 per cent to €1.12 billion (£1 billion) compared to €990 million (£887.6 million) in the third quarter last year. READ MORE:  Puma raises full year outlook again after strong Q2 results Puma’s EBIT is also to have increased to €101 million (£90.55 million) from €60 million

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Alibaba and Kering partner up to combat counterfeit trade

The parent company of retailers Gucci, Yves Saint Laurant and Puma has partnered with Chinese ecommerce platform Alibaba to combat the sale of fake goods on the latter. As part of the deal, luxury fashion house Kering will dismiss its lawsuit against Alibaba and affiliate Alipay, which was filed in the US district court in New York in 2015






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Puma raises full year outlook again after strong Q2 results

Bumper sales in Puma’s second quarter trading update have led the retailer to raise its expectations once again for the full year.






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