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Anta Sports Products, a leading sports company based in China, announced on Tuesday that it plans to acquire a 29.06 percent share in Puma from the Pinault family. The deal, worth 1.5 billion euros (approximately US$1.8 billion), will make Anta the largest…
Anta Sports Products, a prominent Chinese sportswear manufacturer, is reportedly considering the acquisition of German sportswear brand, Puma. It’s understood that Anta, listed on the Hong Kong stock exchange, is currently working with an adviser to examine…
Under mounting pressure from Washington and Beijing, German automotive stalwarts BMW, Mercedes-Benz, and Volkswagen are stepping back into the limelight at IAA Mobility in Munich. With billions poured into new electric models and a refreshed global strategy,…
JD.com, one of China’s leading online retailers, is set to acquire German electronics retailer, Ceconomy. The acquisition deal is worth an estimated 2.2 billion euros (US$2.5 billion). This strategic move signals JD.com’s intentions to expand beyond its…
Hyundai Motor will invest in Germany’s H2 Mobility network of hydrogen fuelling station operators, it said on Thursday, as it looks to support infrastructure for fuel cell-powered vehicles. A partner in the project since 2017, Hyundai Motor’s German…
Aldi has become the first Australian member of UK-based Slave-Free Alliance, a social enterprise that works with and supports businesses to create a supply chain free of slavery. The partnership comes almost a year after Aldi identified a number of high-risk…
Robert Bosch opened a 1 billion euro ($1.2 billion) chip plant in Germany on Monday, a record investment by the leading automotive supplier as it stakes a claim to equipping the latest electric and self-driving cars. The plant, located in a semiconductor hub…
German fashion giant Hugo Boss returned to profitability in Q3, after having reported losses in Q2, and also said that it was focused on business recovery via digital channels and in China as pandemic-linked uncertainty continues. Overall, it’s quarterly…
Binh Dinh Province has given approval to a German company to study the possibility of building the country’s second offshore wind power plant. PNG AG will carry out a year-long study for a $1.5-billion wind power plant in the districts of Phu Cat and Phu My.…
Sincere Fine Watches in Singapore continues its “100” exhibition theme, this time showcasing that number of masterpieces from German watchmaker A Lange & Sohne. The series started in 2013 with the “100 Tourbillons” exhibition, bringing together 21 brands in a…
German retailer group Metro AG is planning to open an imported items specialty retailer inside Shanghai’s Free Commerce Zone by the top of this yr to seize a slice of the booming imported items market. Metro AG stated it expects e-commerce transaction might…
