Puma is a German multinational company that manufactures athletic and casual footwear, apparel, and accessories. Founded in 1948, Puma's vision is to create a safer, more peaceful, and creative world. Puma aims to become the most desirable sport lifestyle company through its focus on sports, innovation, and sustainability. As the third largest sportwear manufacturer behind Nike and Adidas, Puma is implementing a turnaround strategy to return to its sporting roots under new CEO Bjoern Gulden. This includes refocusing on core sports products, sponsoring athletes, and expanding into new markets in Asia. Puma faces challenges from competition but sees opportunities in partnerships and entering new categories like lifestyle products.