China’s Anta Sports has offered to buy Pinault family’s 29% Puma stake, sources say

China’s Anta Sports Products has offered to buy 29% of struggling German sportswear firm Puma from France’s Pinault family, three people with knowledge of the talks said.

Why it matters

Anta made the offer a few weeks ago and has secured financing for the acquisition should a deal go ahead, said two of the sources. However, the situation had stalled, one added. Puma shares rose as much as 9% after the Reuters report, hitting their highest level since May 2025.