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Games

Argentina's shock peso devaluation weighs on sportswear brand Puma

The company said it would have seen a significantly better performance without Argentine President Javier Milei's currency devaluation.

By: CNBC

Feb 02 2024
32
2664 Views

German sports retailer Puma on Wednesday said Argentina's major devaluation of its currency in December hit its financial results. Puma shares were 7.3% lower at midday in London, at the bottom of Europe's Stoxx 600 index, after the company reported ... [958 chars]

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