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PUMA has initiated the RE:SUEDE experiment to develop a biodegradable version of its iconic sneaker, the SUEDE. Utilizing sustainable materials like Zeology tanned suede and biodegradable TPE, this pilot program aims to enhance circularity in footwear. Scheduled to launch in January 2022 with 500 participants in Germany, the project will assess the durability of these sneakers over six months before undergoing industrial biodegradation in the Netherlands. PUMA seeks to innovate waste management solutions, contributing to its sustainability strategy, which targets a 75% increase in recycled polyester by 2025.
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FAQ
What is the current stock price of Puma (PUMSY)?
The current stock price of Puma (PUMSY) is $2.92 as of May 8, 2026.
What is the market cap of Puma (PUMSY)?
The market cap of Puma (PUMSY) is approximately 3.3B.