Puma India: Adds Maldives to syndicate with a new store launch

31 May 2022, Mumbai:

Sportswear brand Puma India has included Maldives into its syndicate that currently includes 19 other countries like Singapore, Indonesia, Malaysia, Thailand, Vietnam and Philippines.

The brand opened its first store in the Republic of Maldives, whose tourism has grown by triple digits in the last two years.

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Puma forayed into the Maldives market in partnership with sports and lifestyle marketplace Sonnee Sports.

The partnership will allow the brand to expand its offline retail presence and also explore ecommerce, sports clubs and other distribution channels in this new market.

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Located Male’s iconic shopping street Majeedhee Magu, the store is a one-stop destination for tourists and fashion enthusiasts besides the growing local football and futsal community.

Revenues of Puma India, grew to Rs 2.044 crore in fiscal year ending December 2021 The brand added 51 new stores in 2021 pushing up the exclusive store count to 450 in current fiscal.

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