Feb 18 • 04:30 UTC 🇪🇸 Spain El País

Anta, the Chinese sports giant taking control of Puma to compete with Nike and Adidas

Anta, a leading Chinese sportswear company, is set to acquire a significant stake in Puma, aiming to enhance its global presence and compete more vigorously with industry leaders such as Nike and Adidas.

Anta Sports Products, a prominent player in the Chinese sportswear market, has announced its intention to acquire around one-third of the German sports brand Puma. This acquisition positions Anta as the largest shareholder of Puma, after purchasing the stake from the Pinault family. Anta is already well-established in the Asian market, controlling a 23% market share in Chinese sports apparel in 2024, although it remains relatively unknown to Western consumers.

This strategic move to acquire Puma is part of Anta's broader strategy to expand its influence beyond China and become a key player in the global sportswear industry. By taking a significant stake in Puma, Anta aims to leverage Puma's established brand and distribution networks to enhance its competitive edge against giants like Nike and Adidas. The acquisition is a critical step for Anta as it seeks to establish its reputation internationally and challenge the dominance of its Western competitors.

As global competition in the sports apparel market intensifies, this acquisition could reshape the landscape of the industry. Anta's successful integration of Puma could potentially lead to innovations in product offerings and marketing strategies that resonate with consumers worldwide. Observers will be keenly watching how this acquisition unfolds and whether it will indeed enable Anta to compete effectively on a larger scale as it diversifies its portfolio and solidifies its presence in international markets.

📡 Similar Coverage