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Nuremberg, Germany. 21st Nov, 2017. The CEOs of adidas, Kasper Rorsted (R), and Puma, Bjoern Gulden, stand next to each other prior to a joint panel discussion of the 'Nuremberg News' in
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Herzogenaurach, Germany - AUG 13, 2017: Puma logo on a facade. Puma is a major german multinational company that produces athletic, casual footwear, s Stock Photo - Alamy
![Francois-Henri Pinault, Chairman and Chief Executive of French luxury goods PPR Group, left, and Jochen Zeitz, CEO of German sports goods maker Puma, right, shake hands during a news conference in Nuremberg, Francois-Henri Pinault, Chairman and Chief Executive of French luxury goods PPR Group, left, and Jochen Zeitz, CEO of German sports goods maker Puma, right, shake hands during a news conference in Nuremberg,](https://c8.alamy.com/comp/2PAMXKP/francois-henri-pinault-chairman-and-chief-executive-of-french-luxury-goods-ppr-group-left-and-jochen-zeitz-ceo-of-german-sports-goods-maker-puma-right-shake-hands-during-a-news-conference-in-nuremberg-southern-germany-thursday-april-12-2007-ppr-which-owns-the-gucci-and-yves-saint-laurent-brands-said-tuesday-it-was-buying-a-271-percent-stake-in-puma-and-planned-to-make-a-friendly-takeover-bid-valuing-the-german-company-at-euro-53-billion-us711-billion-ap-photochristof-stache-2PAMXKP.jpg)