Singer, makeup entrepreneur, lingerie designer and now the first black woman to head a top luxury fashion house -- Rihanna has racked up a $600 million fortune to become the world's richest female musician.
The German group reported sales of over 4.6 billion euros in 2018 and an operating margin of 7.3%. While it looks like growth may slow in 2019, the company's major focus will be on improving its profitability.
Puma has unveiled the Clyde Court #Reform, a basketball shoe inspired by hip-hop artist Meek Mill's advocacy to reform the criminal justice system and Olympian Tommie Smith's activism for universal equality.
Puma raised its outlook for full-year sales and operating profit on Thursday as it reported strong sales growth in the Americas and Asia and said its first basketball shoe in 20 years had been well received.
Puma is launching a campaign to mark the 50th anniversary of a US sprinter's black-gloved salute at the 1968 Olympics, shortly after rival Nike scored a hit with an ad starring a modern-day activist for racial equality.
The reality TV star, who was unveiled as an ambassador of the German sportswear giant Puma back in April, has announced that she has jumped ship to Adidas, where she will front the new Falcon sneaker campaign.