Major déjà vu.

2013 (PUMA): Bjørn Gulden: Too much lifestyle, not enough sport. Go back to sport.

2023 (adidas): Bjørn again: Make us the best sports brand. Go back to sport.

2024 (Nike): Elliott Hill returns: North Star – Nike Sport Offense. Go back to
sport.

2025 (PUMA): Arthur Hoeld transfer: Stop focusing on brand elevation. Go back to sport.

Same playbook.

Boardrooms forget.

Back to basics.