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View all search resultsChinese athletic goods giant Anta Sports will buy a controlling stake in historic German sportswear brand Puma for US$1.79 billion, a stock exchange filing showed Tuesday, as it expands its international presence.
A spokesperson for the government's anti-radiation team has said that aside from two footwear shipments linked to the same contamination source in Banten, no other incidents have been reported in recent weeks.
Victory Chingluh Indonesia plans to lay off thousands of workers after reducing its workforce by 2,000 in March, but labor union group KASBI says workers are unfairly paying the consequences for an issue to do with production quality.
Hundreds of workers who lost their livelihoods when well-known shoe brand Bata closed its only factory in the country face an uncertain future but want to make the most of the compensation they expect to receive to build a future for themselves.
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