--The Pinault family--which owns a 29% stake in sports brand Puma through its investment company Artemis--is working with advisers to consider options including a potential sale of the German group, Bloomberg reports, citing people familiar with the matter.
--The family has reached out to potential bidders including Anta Sports Products and Li Ning, sportswear firms in the U.S. and sovereign wealth funds in the Middle East, according to Bloomberg.
--When approached for comment by Bloomberg, a spokesperson for Puma declined to comment, while representatives for Artemis, Anta and Li Ning didn't respond.
--Shares closed 16% higher at 21.73 euros.
Full story: https://bit.ly/3JQsxaL
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
August 25, 2025 12:00 ET (16:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.