Argentina’s shock peso devaluation weighs on sportswear brand Puma
A Puma SE sportswear store in central London, UK, on Thursday, Oct. 19, 2023. Bloomberg | Bloomberg | Getty Images German sports retailer Puma on Wednesday said Argentina’s major devaluation of its currency in December hit its financial results. Puma shares closed the session 10.5% lower, at the bottom of Europe’s Stoxx 600 index, after … Read more
