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

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Reuters

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January 8, 2026

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.

Inside Puma’s Oxford Street store in London – Puma

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.

Artemis had been expecting any offer for its Puma stake ⁠to exceed 40 euros a share, a fourth person with knowledge of the matter told Reuters. All four sources spoke on condition of anonymity because the matter is private.

Artemis is run by Francois-Henri Pinault, chairman of Kering , which includes fashion house Gucci among its ‍brands. The Pinault ‌family acquired its Puma stake from Kering when it transformed the conglomerate into a pure luxury ⁠player in 2018.

Artemis and Puma declined ‌to comment. Anta did not immediately reply to a request for comment. Puma’s market capitalisation was ‌3.3 billion euros ($3.85 billion) at Wednesday’s close, down around 50% from the same date last year as the brand faced a steep decline in sales.

Puma’s new CEO Arthur Hoeld set out his turnaround strategy in October after sneaker releases like the Speedcat failed to generate the hype executives hoped for, while ‍sales have fallen as shoppers opted for rivals such as Adidas, On and Hoka.

Hong Kong-listed Anta, which has a track record of acquiring and revamping Western sports and lifestyle brands, had been exploring a bid ‌for Puma, a source ⁠close ​to the matter said in November. In 2019, it led a consortium to ⁠buy Amer ​Sports, owner of racquet maker Wilson and mountain sports specialist Salomon.

A senior source close to Artemis said in September the Pinault family would not sell their Puma stake at the then current market valuation but ​conceded the stake was “non-strategic.” Puma shares have since risen by 15%.

Artemis, which controls Kering as well as auction house Christie’s and Hollywood talent agency CAA, has ⁠been under investor scrutiny due to the debt it built ⁠up as Pinault sought to diversify away from Gucci during a slide in luxury sales.

© Thomson Reuters 2026 All rights reserved.



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Elizabeth Scarlett in Valentine’s Day collab with Dalloway Terrace

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5 hours ago

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January 9, 2026

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January 9, 2026

Thirty-seven days and counting: Elizabeth Scarlett, lifestyle and accessories brand has Valentine’s Day firmly in its sights, announcing a creative partnership with Dalloway Terrace, London’s dining destination at The Bloomsbury.

Elizabeth Scarlett

Bringing together two British brands “united by a shared love of beauty and storytelling”, the collaboration will see Dalloway Terrace transformed into an immersive space “celebrating love, nature and artistry”. It’s a trend we’re seeing more and more often with brands linking up with complementary destinations in a way that benefits both partners.

Inspired by Elizabeth Scarlett’s signature wildflower motifs – the terrace will feature a specially commissioned floral installation, “drawing guests into the brand’s romantic, nature-led world”.

At the heart of the partnership is a limited-edition Afternoon Tea, specially created to celebrate the partnership with a special menu (pastries and sweets inspired by the brand’s signature storytelling).

To mark the event, every guest who books a space on the day will receive a complimentary limited-edition Elizabeth Scarlett love heart stripe pouch (RRP £38), created for the collaboration. Some of the proceeds will also be donated to wildlife conservation.

Elizabeth Petrides, founder of Elizabeth Scarlett said: “We wanted to create a moment where guests can slow down, look closer, and feel immersed in the natural world – even in the heart of the city. From the wildflowers that surround you to the wildlife artwork at the core of our brand, it honours the magic that happens when artistry and nature meet.”

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LVMH Champagne union calls for further strikes

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January 9, 2026

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Reuters

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January 9, 2026

The CGT labour union at LVMH‘s champagne units called for new strike action next Thursday, as it seeks to pressure management to compensate workers for lost bonuses.

The LVMH business includes fashion and refreshments – DR

CGT labour representatives from the Moet&Chandon and ⁠Veuve Clicquot champagne houses said in a video addressed to workers on Friday that they ⁠should drop their tasks for “at least three hours.” The union launched protests last month against a cut in annual bonuses and other ‍benefits ‌at the world’s largest luxury group, even as it keeps
The ⁠group hasn’t yet ‌publicly commented on the labour dispute. LVMH’s ‌Moet Hennessy alcohol division had no immediate comment when contacted by Reuters on Friday.

Management at the unit had offered to pay a one-off 1,000 euros ($1,162.20) payment ‍to workers after it said it would not pay usual annual bonuses amid a decline in sales, ‌said ⁠the ​CGT, an offer “not at the height of our ⁠expectations.”

“It ​is really important to continue to put pressure on the company,” a CGT official said in the ​video message, adding that further talks are planned for Wednesday. So far, no strike action ⁠has been announced at ⁠LVMH’s other drinks businesses, including the Hennessy cognac brand.
 

© Thomson Reuters 2026 All rights reserved.



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Saks Global seeks to file for bankruptcy as soon as Sunday, Bloomberg News reports

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6 hours ago

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January 9, 2026

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Reuters

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January 9, 2026

Luxury retailer Saks Global is planning to file for Chapter 11 bankruptcy as soon as Sunday, Bloomberg News ⁠reported on Friday, citing people familiar with the matter.

Shoppers walk outside the Saks Fifth Avenue flagship store in Manhattan in New York City, U.S., January 6, 2026 – REUTERS/Angelina Katsanis

The ⁠owner of New York’s century-old Fifth Avenue flagship store is preparing ‍to ‌file for bankruptcy without a restructuring ⁠deal in ‌place, though it aims ‌to craft one in the coming weeks, according to the report.

The company is also in ‍advanced discussions on about $1.25 billion debtor-in-possession financing package with creditors, which ‌would ⁠allow ​it to keep its ⁠business ​running during bankruptcy and pay vendor dues, the report added.

Saks ​Global did not immediately respond to a Reuters ⁠request for comment.

© Thomson Reuters 2026 All rights reserved.



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