The move was announced in January, cleared regulatory checks and was confirmed by the brands on Wednesday.
A MILE. A MINUTE.
The move was announced in January, cleared regulatory checks and was confirmed by the brands on Wednesday.
The deal is set to close before the end of the year and has now cleared a major regulatory step.
The Chinese sportswear giant said on Wednesday that its sub brands led growth in the first six months of the year.
Co-chief executive Lai Shixian step in as interim CEO effective immediately and Yang will be assigned a new role in the company.
Anta will have to pay an additional sum as part of its acquisition of a majority stake in Puma if it launches a takeover bid of the German sportswear brand within a specified transfer period, based on regulatory filings with the Hong Kong Stock Exchange. According to the disclosure late last month, when the Chinese …
After months of speculation about its future, the struggling German sportswear maker received a major lifeline on Tuesday.
The struggling German sportswear company could see a lifeline in 2026 but talks to acquire a majority share in the brand have apparently stalled.