Indonesian capsule hotel operator Bobobox achieved a 200% ARR growth for Bobocabin Sukawana and positive EBITDA in 2024, driven by strategic partnerships with Bank Mandiri. CEO Indra Gunawan highlighted the importance of the collaboration in facilitating growth and investment opportunities. The company’s expansion plan includes targeting key destinations like Surabaya, Medan, Bali, and Mt. Bromo, focusing on market potential, accessibility, and infrastructure to ensure success.
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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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