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Top retailnews.asia News

China's Anta Sports snares 29% Puma stake for $1.8 billion, rules out full takeover — REUTERS / FLORENCE LO

China Economy · China

China's Anta Sports snares 29% Puma stake for $1.8 billion, rules out full takeover

41% Center coverage: 53 sources

China's Anta Sports Products said on Tuesday it would buy a 29.06% stake in Puma from the ‌Pinault family for 1.5 billion euros ($1.8 billion), making it the biggest shareholder in the German sportswear maker.See the Story

Revolut to triple its Singapore workforce to over 300 employees in the next three years

Asia · Singapore

Revolut to triple its Singapore workforce to over 300 employees in the next three years

100% Center coverage: 1 sources

The fintech firm plans to drive regional expansion efforts across Asia from its base in Singapore.See the Story

Italy’s Ermenegildo Zegna FY25 revenue down 1.5% as DTC gains traction

Fashion · Italy

Italy’s Ermenegildo Zegna FY25 revenue down 1.5% as DTC gains traction

Ermenegildo Zegna has posted FY25 revenues of €1.92 billion (~$2.26 billion), down 1.5 per cent YoY but up 1.1 per cent organically, driven by strong DTC growth, which now accounts for 82 per cent of branded sales. The Americas led regional performance, while China remained weak. Q4 showed sequential acceleration, with DTC momentum across all brands supporting resilience amid wholesale rationalisation.Ermenegildo Zegna has posted FY25 revenues o…See the Story

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