体育用品行业的并购风云再度涌起，近期有消息指出，安踏体育正评估收购德国运动品牌彪马（Puma）的可能性。或受该消息影响，彪马股价暴涨超 18%，单日涨幅创近期新高。 据市场消息，作为彪马持股29%的最大股东，法国皮诺家族旗下的Artémis集团已启动战略评估，不仅聘请专业顾问梳理出售方案，更与多家潜在买家展开 初步接触。除安踏外，李宁、日本亚瑟士等企业也被卷入竞购传闻。 然而，截至11月28日，多个被传闻提及的公司均已作出回应。亚瑟士在官方声明中否认有意收购彪马的媒体报道，称该说法并无事实依据，目前公司并未就 收购彪马进行任何洽谈或制定相关计划。安踏集团方面向有关媒体表示，"不评论市场传闻。"李宁公司则回应称，公司未就上述传闻所提及的交易进行任何 实质性谈判或评估。一切重大信息请以本公司官方公告为准。 彪马困局 据了解，彪马是1948年在德国创立的运动品牌，作为全球知名运动品牌之一，它在运动时尚领域具有较高影响力，曾长期稳居全球运动品牌第三的位置，仅 次于耐克和阿迪达斯。据GYbrand全球品牌研究院发布的2025年全球运动品牌价值排行榜显示，在运动品牌领域，耐克、阿迪达斯、露露乐蒙占据前三的位 置，中国品牌 ...

Group 1 - The Japanese stock market experienced a significant decline, with the Nikkei 225 index dropping over 1% and falling below 50,000 points, primarily affecting tourism and retail stocks [1][3] - Notable declines included Shiseido's stock, which fell 11%, and Pacific International Holdings, which saw an 8.9% drop, marking their largest single-day declines since April 2024 [1][3] - Major retail and tourism-related companies, such as Isetan Mitsukoshi and Uniqlo's parent company Fast Retailing, also faced substantial stock price drops, with declines exceeding 5% [3] Group 2 - The downturn in the stock market is attributed to deteriorating Sino-Japanese relations, with Chinese authorities issuing travel warnings to their citizens regarding travel to Japan [5][11] - Chinese tourists are crucial for Japan's tourism sector, accounting for nearly 20% of international visitors in 2024, with their spending representing 27% of total inbound consumption, amounting to approximately 2.1 trillion yen [7] - A significant reduction in Chinese tourists could lead to a GDP decrease of 0.36% for Japan, equating to an economic loss of about 2.2 trillion yen [7] Group 3 - Japan's economy is facing multiple challenges, including a 1.8% decline in real GDP for the third quarter, marking the first negative growth in six quarters, largely due to decreased exports and a sharp drop in private residential investment [9] - Analysts suggest that the recent travel warnings from China threaten Japan's retail sales growth, particularly for companies like Shiseido and Uniqlo, which rely heavily on Chinese consumers [11] - The Japanese government has set an ambitious target to increase annual inbound tourist numbers to 60 million by 2030, but this goal is now uncertain due to escalating political tensions with China [15]