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dollar. "I feel extremely confident about 2017... I have seen the order book and the reaction from the trade... January was very positive," Gulden told a news conference. Asked about Kering's intentions, Gulden said he had seen no indication that anything was changing at a board meeting on Wednesday. Like its bigger German rival Adidas, Puma is benefiting from a shift away from sports performance shoes and towards retro models, a trend that has hurt newer players like Under Armour (UAA.N) and has dampened Nike's success. Puma posted a quarterly net loss of 4.6 million euros (4 million pounds) on sales of 958 million euros, a rise of 9 percent, both of which were slightly better than forecasts in a Reuters poll. By comparison, Under Armour shares slid by a quarter last month after it reported a big drop in holiday-quarter sales growth and issued a glum forecast for the year, admitting that its products are not fashionable enough. Sales at Puma rose 10.4 percent in Europe and 9.9 percent in the Americas, with total footwear sales jumping 15.3 percent, helped by the popularity of lifestyle shoes like its women's basketball รองเท้าผ้าใบ Heart line, tied with a large ribbon bow. ADVERTISEMENT The German company had 6 percent of the U.S.

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"His majesty has proven himself to be very adept at managing the junta and the military," said academic Paul Chambers at the Institute of Southeast Asian Affairs in Chiang Mai. None of more than two dozen serving or former officials, military officers, parliamentarians, diplomats or analysts that Reuters spoke to for this story saw any immediate threat to that balance of power. With jail facing anyone found guilty of insulting the monarchy under the nations lese majeste laws, few Thais comment openly on royal matters. Asked for a response for this story, a palace official said it did not comment to the media. A government spokesman declined comment. RELATIONSHIP OF OBEDIENCE King Vajiralongkorn started from a very different place to his father, King Bhumibol Adulyadej, who died on Oct. 13. When the teenage Bhumibol took the throne in the late 1940s, the future of the monarchy itself looked in doubt. Building alliances, he quietly re-established the royal aura and authority - becoming ultimate arbiter during coups and spells of chaos as Thailand changed from rural backwater to middle-income country. King Vajiralongkorn, 64, has spent years abroad, his private life complicated by three marriages, and he has yet to win the public adoration received by his father. But the king's background puts him on different terms with the generals: He went through military academies; he saw combat against insurgents in the 1970s; he can fly a fighter jet.

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