Wild cats on the catwalk?

A curious mix of cultures this week, with PPR - owner of luxury fashion label Gucci - taking effective control of Puma, the world's third-largest sports brand. Does this mean we're soon to see models decked out in fat-laced pumps as they strut their way down the catwalk? Maybe so. As a fashion item, Puma's 'old school' Clyde and Suede ranges are 'awesome', according to MT's resident trainer correspondent. He knows what he's talking about too - he's sitting on a collection of 68 pairs of 'sneaks', still in their boxes.

by
Last Updated: 31 Aug 2010

Puma's fortunes have suffered of late, with profits dropping by 26% to 32.8m euros during the final three months of 2006 - much of that due to the cost of expansion, as it tries in vain to keep pace with the sports biz's two big hitters, Nike and Adidas. In the football world, for example, the two have snapped up sponsorship of all the top players, from David Beckham to Thierry Henry and Ronaldinho, as well as supplying kit to teams such as Manchester United, Barcelona and Chelsea. Puma, meanwhile, has had to pad out its stable of genuine stars with players like the bundle of limbs that is Peter Crouch, and perennial under-achievers like Tottenham Hotspur. 

That Puma should be fighting it out with Adidas is a fitting development in one of the corporate world's fruitier histories. The two companies were born of the same German family firm, run by the Dassler family, which split following a spat that grew during World War II. This rift included Rudi Dassler, who went onto found Puma, suspecting his brother Adi of dobbing him into the Allied forces, apparently falsely, as being a member of the Waffen SS. As the founder of Adidas, Adi's legacy has remained a step ahead of his brother's ever since.

That said, Puma did land the coup of sponsoring the Italian football team, which went on to triumph at the World Cup last year. Which suggests perhaps that the potential Gucci-Puma crossover will work the other way too: the team of diving whingers would probably appreciate a decent line in Italian handbags.

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Could coronavirus lead to gender equality?

Opinion: Enforced home-working and home-schooling could change the lives of working women, and the business...

Mike Ashley: Does it matter if the public hates you right now?

The Sports Direct founder’s response to the COVID-19 pandemic has drawn criticism, but in the...

4 films to keep you sane during the coronavirus lockdown

Cirrus CEO Simon Hayward shares some choices to put things in perspective.

Pandemic ends public love affair with Richard Branson et al

Opinion: The larger-than-life corporate mavericks who rose to prominence in the 80s and 90s suddenly...

The Squiggly Career: How to be a chief strengths spotter

When leading remotely, it's more important than ever to make sure your people spend their...

"Blind CVs don't improve your access to talent"

Opinion: If you want to hire socially mobile go-getters, you need to know the context...