【#安踏回应成彪马最大股东#：增强国际竞争力】#这些国际大牌背后都是安踏#1月27日，安踏体育公 告称，公司与彪马大股东Artémis订立购股协议，公司拟收购彪马公司（PUMA SE）29.06%股权，安踏 体育表示，透过收购具有重大战略意义的少数股权，成为彪马公司的最大股东，集团有望进一步提升其 于全球体育用品市场的地位及品牌知名度，从而增强其整体国际竞争力。纵观安踏集团近年来收购路径 发现，不少国际大牌背后都有安踏的影子，2019年，安踏就联合财团收购亚玛芬体育，该集团旗下含 Arc'teryx（始祖鸟，加拿大）、Salomon（萨洛蒙，法国）等品牌。而近年来爆火的DESCENTE（迪桑 特）、KOLON SPORT（可隆）均是通过成立合资公司，获得中国区运营权。@密度财经 转自：贝壳财经 ...

Core Insights - Anta has acquired the German outdoor brand Jack Wolfskin, marking the 10th brand in its acquisition portfolio, which has historically revitalized brands in the Chinese market [1][6][13] - The acquisition price for Jack Wolfskin was approximately $290 million, reflecting its current underperformance in China [2][5] - Anta's strategy has successfully transformed brands like FILA from losses to significant profits, indicating a strong operational capability in brand revitalization [1][8][13] Brand Performance - Jack Wolfskin entered the Chinese market in 2007 but has seen a decline in brand recognition and store count, dropping from over 700 stores in 2015 to only 38 by 2025 [4][5] - The brand's unclear positioning and lack of distinctive product offerings have contributed to its diminished presence in a competitive market [5][6] - Anta's acquisition strategy aims to reposition Jack Wolfskin, potentially filling a gap in the affordable outdoor brand segment [5][6] Market Context - The outdoor market in China has become increasingly competitive, with brands like The North Face and Arc'teryx dominating the high-end segment, while domestic brands are rising in the mid-to-low end [5][6] - Anta's approach of acquiring and revitalizing brands has allowed it to capture a significant share of the middle-class market, with a portfolio that includes both international and domestic brands [7][13] Financial Growth - Anta's revenue has grown from 5.87 billion yuan in 2009 to an estimated 70.83 billion yuan in 2024, with gross margins increasing from 42.1% to 62.2% during the same period [10][14] - The successful turnaround of acquired brands like FILA has contributed significantly to Anta's profitability, with FILA alone accounting for over 40% of the group's profits [7][8] Strategic Insights - Anta's acquisition strategy is characterized by a focus on brand repositioning and effective marketing, including celebrity endorsements and social media engagement [8][9] - The company has demonstrated a pattern of transforming underperforming brands into market leaders, suggesting a replicable model for future acquisitions [6][8][13]