Puma plans to focus on the integration of its just-acquired golf equipment brand Cobra before making further acquisitions, Chief Executive Jochen Zeitz told shareholders at the company’s annual
“We are currently concentrating on the integration of the Cobra brand,”
he said according to Reuters. Antitrust authorities have given a green light for the deal, Zeitz said,
adding that he expected Cobra to reach sales of at least $100 million
Puma bought Cobra in March from Fortune Brands Inc for an
Puma has started started tapping into its 450 million euro ($605.6 million) cash position acquiring a stake in Botswanan ecotourism company Wilderness Safaris and acquiring golf brand Cobra.