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Anta Sports to buy 29% stake in Puma for $1.8 billion

France’s billionaire Pinaults offload their struggling German sports brand to China’s rising giant, signaling Western athletic wear’s shift eastward.

Anta Sports to buy 29% stake in Puma for $1.8 billion
Puma tapped Blackpink’s Rosé to headline the revival of its Speedcat sneaker, originally designed for Formula 1 drivers in the 1990s. Image: Puma

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