Puma Plunges, Remy Cointreau Rises , Carrefour Lifts
On this episode of Stock Movers:
- Puma plunged after the German brand slashed its profit forecast in the face of weak demand for its sports and exercise gear and growing concerns about the impact of US tariffs.
- Remy Cointreau SA lifted its profit guidance for the year, as sales of Cognac in the US rebounded and it avoided the most punitive impact of tariffs in China.
- Carrefour SA is selling its Italian operations for an enterprise value of about €1 billion as Chief Executive Officer Alexandre Bompard leans on asset disposals to bolster the French supermarket chain’s performance.
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