STOCK TITAN

Ferrari Renews and Strengthens Its Partnership With Puma

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Ferrari renews partnership with PUMA as Premium Partner, continuing successful collaboration since 2005.
Positive
  • None.
Negative
  • None.

Maranello (Italy), 15 September 2023 - Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or “the Company”) is pleased to announce that Scuderia Ferrari has renewed its multi-year partnership with sports company PUMA, which will become its Premium Partner starting from next year.

In the next years PUMA will also continue to be the licensing partner for Ferrari-branded products and the supplier of F1 team and race wear for Ferrari.

The renewal of the partnership continues and reinforces the successful collaboration between Ferrari and PUMA, which started in 2005.

“Our longstanding journey with PUMA is a testament to an enduring trust and synergy to continue to embrace new opportunities together,” said Benedetto Vigna, Ferrari Chief Executive Office. “As leaders in our respective fields, we are ready to support each other, demonstrating an unwavering commitment to offer increasingly engaging experiences for our tifosi and brand lovers”.

"Since 2005, PUMA has the ambition to be the best brand partner for Scuderia Ferrari. We have celebrated many successes and the passion for Ferrari with the millions of tifosi worldwide over the past two decades. I'm very excited that we will further deepen our strong partnership by not only prolonging our partnership but further extending the scope of our collaboration," said Arne Freundt, PUMA CEO.

Attachment


Ferrari N.V.

NYSE:RACE

RACE Rankings

RACE Latest News

RACE Stock Data

78.24B
124.14M
33.94%
39.62%
0.73%
Auto Manufacturers
Consumer Cyclical
Link
United States of America
Maranello