Shares of Spanish beauty group Puig jumped sharply after the company confirmed it is exploring a merger with US cosmetics giant Estee Lauder, a move that could create a combined entity valued at around 40 billion dollars. The potential deal reflects growing consolidation
China’s largest sportswear company is accelerating its global ambitions after acquiring a significant stake in a European rival, a move that signals a direct challenge to industry leaders Nike and Adidas. Anta Sports has emerged as a serious international contender following its agreement
Shares in Germany’s Puma jumped sharply after China’s Anta Sports Products agreed to acquire a major minority stake in the European sportswear brand, marking one of the most significant outbound consumer sector investments by a Chinese company in recent years. Anta said it
