BERLIN (Reuters) – Puma Chief Executive Arne Freundt said that the sportswear company expects to return to double-digit growth in China this year, according to an interview released by the Euro am Sonntag news outlet on Friday.
“In China, we see a gradual improvement in the market environment and expect to return to double-digit growth already this year,” he said.
Freundt added that he expects Puma will return to growth in the United States despite a difficult market environment.
“In the U.S. we have a very difficult market environment, but we are very confident that we will grow again in 2024,” said Freundt.
(Writing by Friederike Heine; Editing by Miranda Murray)