Anta Sports Products

Major shareholder Anta has nominated two members to Puma's supervisory board and elected Dennis Tao as chairman. Tao, head of M&A at Anta and previously seven years at Amer Sports, succeeds Heloise Temple-Boyer, who had represented Artemis since 2019 and held the chair since 2022; Artemis had sold its 29% stake to Anta. » More on n-tv.de

Anta has acquired the share package from Artémis and now holds 29.06 percent of Puma, making the Chinese company the largest shareholder. Anta calls Puma an "iconic brand" and sees significant long-term potential, but Puma is to remain independently run. Puma recently recorded revenue declines and a record loss; management hopes Anta will provide better insights into the important Chinese market. » More on wiwo.de

Anta Sports has completed the acquisition of the 29.06 percent stake in PUMA previously held by Artemis and thus becomes the largest single shareholder. The exact ownership percentage has not yet been disclosed. PUMA stresses it will continue to be run independently, and both companies emphasize their intention to preserve PUMA's brand and management autonomy. The PUMA share reacted positively and traded temporarily higher on XETRA. » More on finanzen.net