
MUNICH, Jan 27 (Reuters) - Puma PUMG.DE has more scope for growth in the Chinese market, a senior Anta Sports 2020.HK executive told Reuters on Tuesday after the Chinese sportswear company agreed to buy a 29.06% stake in its German rival.
"Puma has more potential in the Chinese market, where they are underrepresented with only 7% of their global revenues. We have a lot of insight how to make Puma more successful in China," said Wei Lin, Anta global vice-president for sustainability and investor relations.