Apple has been forbidden from selling the iPhone 16 in Indonesia due to non-compliance with local investment and manufacturing regulations, specifically the 40% local sourcing requirement. PT Apple Indonesia has not met its investment commitment, leading to the ban, although older iPhone models can still be sold in the country. The ban comes amidst political changes in Indonesia and reflects the country’s focus on onshore production, with Apple yet to respond.
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Puma’s new boss takes helm trailing Adidas and a recovering Nike
Puma's leadership has aimed to elevate the brand's image for over two years, focusing on making its sneakers and apparel more aspirational. However, new CEO Arthur Hoeld has indicated that the brand is now perceived as cheap, suggesting a disconnect between the company's goals and public perception. Want More Context? 🔎
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