Ferrari and Puma renew their partnership (NYSE:RACE)

Ferrari N.V. (NYSE:RACE) mentioned that Scuderia Ferrari has renewed its multi-year partnership with sports activities corporate PUMA, as a top rate spouse ranging from subsequent 12 months.

PUMA may even proceed to be the licensing spouse for Ferrari-branded merchandise and the provider of F1 staff and race put on for Ferrari within the coming years

The collaboration between Ferrari and PUMA began in 2005.

“Since 2005, PUMA has the ambition to be the most efficient emblem spouse for Scuderia Ferrari. We have now celebrated many successes and the eagerness for Ferrari with the thousands and thousands of tifosi international over the last 20 years. I am very excited that we will be able to additional deepen our sturdy partnership through now not simplest prolonging our partnership however additional extending the scope of our collaboration,” mentioned Arne Freundt, PUMA CEO.