Fashion
Puma could be sold as Pinault family weighs next move

By
Bloomberg
Published
August 25, 2025
The Pinault family is exploring strategic options for German sportswear giant Puma SE — including a potential sale — after the brand lost nearly half its market value over the past year, according to people familiar with the matter.
The French billionaire family has enlisted advisers and approached potential buyers, including China’s Anta Sports Products Ltd. and Li Ning Co., to gauge interest, the sources said, requesting anonymity as the discussions are private. Other U.S.-based sportswear firms and sovereign wealth funds in the Middle East have also been contacted.
The Pinaults currently hold a 29% stake in Frankfurt-listed Puma through their holding company, Artémis, which also controls French luxury group Kering SA. Any sale is expected to command a significant premium, the sources added.
Puma shares have declined 50% over the past 12 months, impacted by weakened demand for sports apparel and concerns over U.S. tariffs. The company’s market capitalization now stands at around €2.6 billion ($3 billion).
Talks are ongoing and there is no guarantee that a transaction will be finalized, the sources said.
A spokesperson for Puma declined to comment, while representatives for Artémis, Anta and Li Ning did not respond to requests for comment.
Puma is currently in the midst of a strategic turnaround led by Chief Executive Officer Arthur Hoeld, as it works to revive consumer interest in its offerings. Despite the efforts, the company issued a profit warning last month, underscoring the challenges ahead.
As part of the restructuring, Puma recently appointed former Adidas executive Andreas Hubert as chief operating officer. Hubert, a 20-year Adidas veteran, previously served as the group’s chief information officer.
Founded in 1948, Puma reported €281.6 million in net income last year, with annual sales reaching €8.8 billion. The brand employs approximately 22,000 people worldwide and sponsors major teams including Premier League club Manchester City, the Portugal national football team, and Denmark’s men’s handball team.
Anta’s portfolio includes brands such as Fila, Descente, Kolon Sport and Jack Wolfskin. In 2019, it led a consortium that acquired Amer Sports Oyj — maker of Wilson tennis rackets and Louisville Slugger baseball bats — for €4.6 billion.
Li Ning, established in 1990 by the celebrated Chinese gymnast of the same name, designs and markets athletic and casual footwear, apparel and accessories. In addition to its core brand, the company operates or licenses others, including Double Happiness (table tennis), Aigle (outdoor gear), and Kason (badminton equipment).
Fashion
Bangladesh’s RMG exports up 4.7% in Q1 FY26, but Sept shipments dip

Woven garment exports slightly outpaced knitted garment exports in terms of growth. Knitwear exports (Chapter **) rose by *.** per cent to $*.*** billion, compared to $*.*** billion in the same period of fiscal ****–**. Woven apparel exports (Chapter **) increased by *.** per cent to $*.*** billion, up from $*.*** billion in July–September ****, EPB data showed.
Home textile exports (Chapter **, excluding ******) also grew, rising by *.** per cent to $***.** million, compared to $***.** million in the same period of the previous fiscal. Collectively, exports of woven and knitted apparel, clothing accessories, and home textiles accounted for **.** per cent of Bangladesh’s total exports, which stood at $**.*** billion during the period. Higher demand for diversified and value-added textile products supported this growth.
Fashion
Dutch manufacturing flat in August, up 1.7% from July: CBS

Slightly more than half of the various industrial sectors produced less than they did one year previously. Of the eight largest industrial sectors, output rose the most sharply in the repair and installation of machinery, while it fell the most sharply in the transport equipment industry.
A more accurate picture of changes in short-term output is obtained when the figures are adjusted for seasonal effects and the working-day pattern. After adjustment, manufacturing output rose by 1.7 per cent in August relative to July, CBS said in a press release.
In August 2025, Dutch manufacturing output remained unchanged year-on-year, although output declined in over half of the industrial sectors.
After seasonal adjustment, output rose by 1.7 per cent compared to July.
The strongest growth was seen in the repair and installation of machinery, while transport equipment recorded the sharpest decline.
After adjusting for seasonal and working-day effects, manufacturing output often fluctuates significantly. In the spring of 2020, output declined rapidly, reaching a low point in May 2020. This was followed by an upward trend until May 2022. The trend has reversed since then.
Producer confidence was less negative in September than it was in August. Manufacturers were more positive regarding output for the next three months, in particular.
Germany is an important market for the Dutch manufacturing sector. In September, German manufacturers were more negative than they were in August, as reported by Eurostat. In August, the calendar-adjusted output of the German manufacturing sector was down by 5.1 per cent, year on year. Relative to July, output fell by 5.5 per cent, as reported by Destatis.
Fibre2Fashion News Desk (RR)
Fashion
ADB commits $82.5 mn to drive Cambodia’s energy transition

The first subprogramme, approved in 2022, introduced pivotal policy measures that guided the energy sector toward a more efficient and renewable development pathway. Building on this foundation, subprogramme 2 advances regulatory reforms to strengthen the energy efficiency framework and enhance policy clarity to attract private sector investment. A key milestone under the subprogramme is the introduction of the country’s first set of regulations establishing Minimum Energy Performance Standards for electrical appliances, starting with air conditioners, which account for the largest share of energy consumption in the residential sector, ADB said on its website.
Subprogramme 2 will also establish an Energy Efficiency Revolving Fund aimed at facilitating access to finance for local small and medium-sized enterprises (SMEs) to invest in energy-efficient technologies. The revolving fund will be set up through a financial intermediation structure to enable local banks to extend loans to SMEs for energy efficiency investments. By mobilizing domestic financial institutions and supporting SMEs, the revolving fund is expected to accelerate the nationwide scale-up of energy efficiency investments.
Asian Development Bank (ADB) has approved $82.5 million for Phase 2 of Cambodia’s Energy Transition Sector Development Programme to support clean energy through policy reforms and investments.
The programme introduces energy efficiency standards, establishes a revolving fund for SME financing, and also aims to attract private investment.
“ADB is honoured to support Cambodia in its ambitious and transformative journey in the energy sector. Through a comprehensive reform package, combining policy support with strategic investments, the Energy Transition Sector Development Programme will support turning the government’s ambitious vision into reality,” said ADB acting country director for Cambodia Anthony Gill. “This includes the goal of achieving 70 per cent renewable energy in the power mix by 2030, along with a strong commitment to advancing energy efficiency, which is essential to ensure that Cambodia’s growth remains both sustainable and affordable.”
Subprogramme 2 will be followed by a third phase in 2027, which will further deepen reforms by expanding the energy efficiency regulatory framework and introducing technical standards for renewable energy, buildings, and industry to further attract private sector investment.
Fibre2Fashion News Desk (RR)
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