Chinese clothing and sporting goods group Anta Sports Products Limited has secured a majority stake in the parent company of sportswear brand Maia Active. On Monday, the company announced the conclusion of a binding agreement.
Accordingly, Anta Sports will own around 75.1 percent of the shares in Mayiya Clothing (Shanghai) Co. Ltd. via a subsidiary. acquire. Financial details were not disclosed. However, after the transaction has been completed, the minority shareholders will have the option to sell their shares in Anta Sports, according to a statement.
According to the group, Maia Active was founded in 2016 and offers sportswear specifically aimed at Asian women. A key focus is the area of yoga wear. The company has already achieved a “strong brand presence” and offers further growth potential, explained Anta Sports.
With the acquisition, the group is strengthening its brand portfolio in the women’s sportswear segment and expanding its product range to reach a broad target group, according to a statement. The group already includes well-known labels such as Anta, Fila, Descente, Salomon, Arc’teryx, Wilson, Peak Performance and Atomic.