PUMA and Scuderia Ferrari HP expressed their intention to continue innovation in motorsport and design, commemorating the 20-year partnership. The two brands have established themselves as partners leading motorsport culture by expanding the boundaries of racing, style, and technology. The PUMA and Scuderia Ferrari HP cooperation began in 2005, and during that time they have shared many historic moments in Formula 1, including championships with Kimi Raikkonen (2007) and Sebastian Vettel (four consecutive 2010-2013). The 20th anniversary marks continued commitment to the partnership -- developing technical racing wear worn by drivers and pit crew, and fashion-oriented Scuderia Ferrari lifestyle collections for consumers. The commercial model: PUMA has licensing agreements with multiple Formula 1 teams (Ferrari, Mercedes historically, Red Bull) to produce both technical race-use apparel and consumer lifestyle collections; the Ferrari brand particularly carries significant commercial value beyond F1 -- the Ferrari lifestyle consumer who buys PUMA-Ferrari fashion often has minimal F1 engagement but high brand aspiration; the 20-year partnership is one of the longest in motorsport fashion licensing.
PUMA and Scuderia Ferrari HP Celebrate 20-Year Partnership — 'Toward the Future of Racing'
[Korean article] 푸마-스쿠데리아 페라리 HP, 파트너십 20주년 맞아… "레이싱의 미래를 향해"

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