US EditionChina’s Anta Sports Acquires 29% Stake in Puma for US $ 1.8 Billion
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China’s Anta Sports acquires 29% stake in Puma for US $ 1.8 Billion
France’s billionaire Pinault family has agreed to sell its 29% stake in Puma SE to China’s Anta Sports Products Ltd for US $ 1.8 billion, marking a further retreat from investments outside the luxury-goods sector as the family sharpens its focus on reviving Gucci. The stake sale, through the family’s investment vehicle Artémis, will give […] The post China’s Anta Sports acquires 29% stake in Puma for US $ 1.8 Billion appeared first on Apparel Re…
It is already official. Anta Sports has confirmed the acquisition of a 29% stake in Puma to Artémis for a total of 1.5 billion euros; that is, 35 euros per share in cash, which implies a premium of 62% on the closing price. With this operation, management will have a lot of work, since the sportswear industry is one of the most dynamic segments of the global consumer sector. In this sense, after many months, Anta becomes the largest shareholder …
Brew Markets — China's Anta Sports Acquires 29% Stake in Puma (Explained)
Episode 112: Today, Ann reviews Anta’s plan to buy a 29% stake in Puma - positioning China’s biggest sportswear group to take on Nike as the American sneaker OG struggles through a global turnaround. Then we look at earnings from AT&T and Seagate - the telecom veteran’s stock is up on low churn and the pioneer hard drive maker is innovating its product for AI build. Finally, we look at the latest from the Fed, Corning’s earnings and Starbuck’s…
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