Frasers Group acquires nearly 6% stake in Puma

LootboxPhobia · 2026-03-05T20:12:27+00:00

Frasers Group acquires nearly 6% of the German brand Puma, with billionaire Mike Ashley as its owner. This disclosure comes shortly after Anta Sports decided to acquire a 29% stake in Puma for 1.5 billion euros.

LootboxPhobia

2026-03-05 20:12:27

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Investing.com – UK sportswear and fashion retailer Frasers Group (LON:FRAS), owned by billionaire Mike Ashley, has acquired nearly 6% of the German sportswear brand Puma (ETR:PUMG), according to a document released on Thursday.

This share disclosure comes more than a month after China’s largest sportswear brand Anta Sports Products (HK:2020) agreed to acquire a 29% stake in Puma for €1.5 billion ($1.74 billion).

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