Ferrari N.V. (NYSE:RACE) stated that Scuderia Ferrari has renewed its multi-year partnership with sports activities firm PUMA, as a premium associate ranging from subsequent 12 months.
PUMA may also proceed to be the licensing associate 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 best brand partner for Scuderia Ferrari. We have celebrated many successes and the passion for Ferrari with the millions of tifosi worldwide over the past two decades. I’m very excited that we will further deepen our strong partnership by not only prolonging our partnership but further extending the scope of our collaboration,” stated Arne Freundt, PUMA CEO.