HERZOGENAURACH, Germany (AFX) - Puma AG plans to strengthen its brand through further investment while also keeping an eye on possible acquisition targets, chief executive Jochen Zeitz told the Frankfurter Allgemeine Sonntagszeitung.
"Our cash register is full, and that means we can invest in ways that will strengthen our brand and the company," Zeitz told the newspaper. "And we can also evaluate potential acquisitions."
Zeitz said Puma chose not to simply return profits to investors because its goal remains long-term and lasting growth.
"In the mean time we have gained a better understanding for the worldwide potential of our brand and we will do everything possible to create long term surplus value for our shareholders," Zeitz said.
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"Our cash register is full, and that means we can invest in ways that will strengthen our brand and the company," Zeitz told the newspaper. "And we can also evaluate potential acquisitions."
Zeitz said Puma chose not to simply return profits to investors because its goal remains long-term and lasting growth.
"In the mean time we have gained a better understanding for the worldwide potential of our brand and we will do everything possible to create long term surplus value for our shareholders," Zeitz said.
DP/goe/amk/jlw
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
© 2005 AFX News
