The parent company of Sports Direct boosted its position in the German sportswear maker according to regulatory filings disclosed on Thursday.
A MILE. A MINUTE.
The parent company of Sports Direct boosted its position in the German sportswear maker according to regulatory filings disclosed on Thursday.
Both companies will work out of a joint laboratory in Suzhou, China to research new materials and high-performance midsole components.
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.
The company confirmed that a bridge loan and credit lines will bring a fresh infusion of cash as speculation of a sale of the brand persists.
Puma's shares saw a boost on the Frankfurt Stock Exchange on Thursday on rumors that Anta Sports and Li Ning Co. were exploring potential takeover bids of the German sports company. An acquisition would give Puma a lifeline in a year where the brand has made changes at the executive level and revised its financial …
Puma revealed on Thursday that it will cut 900 corporate jobs as part of long plan to pull the brand back to sustainability by 2027. In the company's third-quarter earnings report, sales were down 10.4 percent at $2.29 billion as priorities now shift toward a “reset phase.” “At the end of July, we stated that …
Puma's largest stakeholder is exploring the possibility of selling the brand, which has struggled in the past year, according to a published report on Monday. Bloomberg said the Pinault family, owners of 29 percent of the brand, has contacted potential buyers following a year of slumping sales that have taken a toll on Puma and …
Puma's shares tumbled nearly 17 percent on Friday after the company reported that it will take a full-year loss in 2025, citing the impact of U.S. tariffs and weaker than forecasted quarterly sales. The sales decline was driven by the key markets as North America fell 9.1 percent, Europe was down 3.9 percent and Greater …