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China’s Anta Sports is said to explore potential bid for Puma

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2 months ago

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Bloomberg

Published



November 27, 2025

Chinese sports apparel company Anta Sports Products Ltd. is among firms exploring a potential takeover of Puma SE, according to people familiar with the matter.

Puma

Hong Kong-listed Anta has been working with an adviser to evaluate a bid for Puma, said the people, who asked not to be identified because the information is private. The company may team up with a private equity firm if it decides to move forward with an offer, some of the people said.

Other potential bidders could include rival Chinese apparel firm Li Ning Co., the people said. Li Ning, named after the legendary gymnast who founded the company, has been discussing financing options with banks as it takes an early look at Puma, the people said. Puma may also attract interest from sportswear companies such as Japan’s Asics Corp., the people said. 

Deliberations are preliminary and it’s unclear which suitors will proceed with bids, the people said. The valuation expectations of Puma’s biggest shareholder, France’s billionaire Pinault family, may represent a major hurdle to any transaction, the people said. Puma shares have dropped 62% in Frankfurt this year, giving the company a market value of €2.5 billion ($2.9 billion).

The Pinault family’s Artémis holding company owned 29% of Puma at the end of last year, according to the firm’s annual report.

Anta — which owns brands including Fila and Jack Wolfskin — has gained 9% in Hong Kong trading this year, giving the company a market value of nearly $31 billion. An Anta-led consortium, which also included Asian buyout firm FountainVest Partners, paid $5.2 billion in 2019 to acquire Amer Sports, the owner of brands like Salomon and Arc’teryx.

Li Ning’s stock has risen 7% in 2025, for a market value of almost $6 billion.

A representative for Anta didn’t respond to requests for comment, while representatives for Artémis, Asics and Puma declined to comment.

Responding to a Bloomberg News query, Li Ning said in a statement that it remains focused on the growth of its brand, and hasn’t conducted any “substantive” negotiations or evaluations relating to Puma.

François-Henri Pinault, managing partner at Artémis, said in September that the Puma stake is “interesting” but “isn’t strategic,” and that options were being kept open regarding the holding.

Puma has been trying to revamp itself under new Chief Executive Officer Arthur Hoeld after failing to generate much enthusiasm for its products with consumers in recent years. The German firm in July appointed ex-Adidas executive Andreas Hubert as chief operating officer. Hubert is a 20-year veteran of Adidas who served for the past four years as the company’s chief information officer.



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IKEA plans to double India investment to more than $2.20 billion over five years

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1 hour ago

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January 20, 2026

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By

Reuters

Published



January 20, 2026

Sweden’s IKEA will more than double its investment in India to over 200 billion rupees ($2.20 billion) in the next five years as the furniture retailer plans to open more stores and increase sourcing locally, a top executive said on Monday.

IKEA logo is seen in this illustration taken, February 11, 2025 – REUTERS/Dado Ruvic/Illustration/File Photo

IKEA, which opened its first India store in 2018 in the southern city of Hyderabad, will begin accepting online orders in four other ⁠cities where it currently does not have a physical presence, including Chennai and Coimbatore, in Tamil Nadu state.

“(India) is not a large ⁠IKEA country yet… But the belief in India is very strong that it will be one of our top markets,” said Patrik Antoni, CEO of IKEA India, in an interview with Reuters. The retailer’s ‍India sales ‌rose 6% to 18.61 billion rupees in the year ended August 2025, and Antoni ⁠said it plans to quadruple ‌it, including by expanding store count to 30 from six.

The company ‌plans to start online operations before opening a brick-and-mortar store in new cities- a first for IKEA globally- as young consumers shop online more to beat traffic, said Bhavana Jaiswal, country e-commerce integration manager. Its online sales account for over 30% ‍of the total India sales. The retailer aims to raise the share to 40% of total sales. 

IKEA will also double production for domestic stores and exports to 800 ‌million euros ($930 million), ⁠said ​Antoni. The company’s move comes as global brands ramp up export ⁠production in ​India to cut costs, while consumer majors from shoemaker Asics to carmaker VinFast Auto also step up sourcing to meet domestic demand.

U.S. President Donald Trump doubled tariffs ​on imports from India to as much as 50% last year on some goods, forcing many industries to find new clients in ⁠other countries. Antoni, however, said it has not ⁠affected IKEA’s Indian suppliers much, as the brand, which has most of its stores in Europe, ships more to other markets.

© Thomson Reuters 2026 All rights reserved.



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Gaurav Gupta launches first menswear flagship at DLF Emporio, Delhi

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2 hours ago

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January 20, 2026

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Published



January 20, 2026

Gaurav Gupta has opened its first flagship store dedicated to menswear. Located in New Delhi’s DLF Emporio, the boutique measures around 2,300 square feet and establishes Gaurav Gupta Man as a core pillar of the Gaurav Gupta brand.

Inside the first ever Gaurav Gupta Man store – Gaurav Gupta

 
The store inside the premium mall was designed by architect Karanbir Duggal in close collaboration with Gaurav Gupta, the brand announced in a press release. Its bold interior resembles a fluid maze, guiding the shopper through curved corridors, past slightly surrealist sculptures, through to rooms filled with the label’s occasion wear in a move to encourage exploration and discovery.
 
“This space reflects how I think about menswear today,” commented Gaurav Gupta about the intent behind the space. “It is fluid, sculptural, and introspective. The store becomes an extension of the Gaurav Gupta Man, where architecture and clothing exist in quiet conversation with one another.”

Gaurav Gupta mixes fashion and art in his new store
Gaurav Gupta mixes fashion and art in his new store – Gaurav Gupta

 
Gaurav Gupta first introduced his men’s offering in 2017 at fashion event GQ Fashion Nights and has dressed celebrities including Ranveer Singh. The new store caters to the label’s growing national and global menswear clientele with a selection of its signature tuxedos, bandhgalas, and ceremonial dress as well as new verticals including kurtas and Nehru jackets, shirts, accessories, bow ties, footwear, and finishing pieces.

“The concept of Shunya informed the way we shaped the space,” said architect Karanbir Duggal. “Emptiness was treated as an active element, allowing the architecture to feel calm, intentional, and deeply immersive rather than visually dense.”
 

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Ami Paris opens Seoul flagship, its largest yet

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4 hours ago

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January 20, 2026

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Published



January 20, 2026

Ami Paris is continuing its flagship opening programme but instead of Europe, this time it has turned its attention to Asia with a debut in Seoul. It has just opened its new multi-level flagship in the heart of Hannam at 45, Itaewon-ro 55ga-gil, Yongsan-gu.

Ami Paris, Seoul

And it said this “signals a meaningful evolution for the brand’s retail experience: spanning over 425 sq m, it stands as Ami Paris’s largest flagship globally, introducing a Parisian wardrobe and gathering place rooted in the timeless principles of Korean Hanok architecture”.

It added that the space “embraces Seoul’s cool contemporary soul, connecting with a culturally rich neighborhood and a style-attentive crowd who value effortless elegance, art, and discovery”. 

Intended to be more than a traditional boutique, the venue is conceived as an “urban haven and welcoming residence, representing a respectful adaptation to the local context, with a unique sense of intimacy and togetherness”.

It’s certainly an interesting design. Visitors are guided from the street through an underground passage, emerging into the Ami Garden (“a curated oasis of local flora including rowan and maple trees”) before “ascending to the main entrance. This transitional ritual marks a shift from the city’s pace to a serene, breathing space”.

The design concept is based in traditional Hanoks, “creating a cosy atmosphere through a refined interplay of materials: dark oak, granite, and Maljat stone, accented by Ami Paris’s signature elements of beige limewash, gold, champagne gold and mirror finishes”. 

Custom wooden furniture and low-slung seating areas are designed to invite visitors to linger, while bespoke paper lighting, evocative of traditional Hanji, “bathes the interiors in a soft, diffused glow”.

The store also inaugurates an artist residency in collaboration with the Pipe Gallery. Talents “will be invited to engage with the space, ensuring the Ami Paris home remains a dynamic site of cultural conversation”.

At launch, the presentation features the work of Korean-French contemporary artist Chansong Kim.

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