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Puma CEO sees sales doubling to more than $11 billion-report By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO – The Puma logo is displayed at one of the company’s stores in Vienna (Austria), March 18, 2016. REUTERS/Leonhard Foeger

BERLIN (Reuters) – German sportswear company Puma has the potential to double its sales to more than 10 billion euros ($11.71 billion) in the longer term, Chief Executive Bjorn Gulden was quoted as saying on Monday.

Gulden said that Puma was doing well for the third quarter. However, the company is still optimistic for the fourth quarter despite current difficulties like the closing of Vietnamese factories and shortages of shipping containers.

($1 = 0.8537 euros)

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