工号0001
01-27
冤大头
安踏体育:以15亿欧元收购PUMA SE 29.06%的股权
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WayneT
01-27
WayneT
不一定吧?始祖鸟经营的挺好的,倒是觉得中国的消费者是冤大头…………
审计张同学
01-27
审计张同学
炸山鸟
什么也没有了~
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justify;\">作为曾经稳坐全球第三把交椅的运动品牌,彪马正经历着至暗时刻。财报数据显示,公司2025年前三季度累计亏损达3.09亿欧元,净利润连续三个季度告负,股价年内一度暴跌近65%。在中国这一关键增长引擎上,彪马的表现更是乏善可陈,2024年大中华区销售额仅为6.04亿欧元,市场份额不足7%,与耐克、阿迪达斯等竞争对手差距悬殊。</p><p style=\"text-align: justify;\">战略失焦被认为是彪马掉队的主因:一方面在篮球、赛车与时尚运动之间摇摆,导致原有足球与田径优势被蚕食;另一方面,过度依赖蕾哈娜等明星联名的“爆款策略”边际效应递减,难以掩盖产品功能性不足和渠道分销质量低下的结构性顽疾。如今,其全球第三的地位已被营收破千亿的安踏集团及凭借单品突围的Lululemon相继超越。</p><h2 id=\"id_3989468666\">复制FILA传奇还是接盘烫手山芋?</h2><p style=\"text-align: justify;\">对于拥有“并购狂魔”之称的安踏而言,彪马当前的困境——高库存、批发渠道不畅、品牌势能下降,与其十多年前接手斐乐(FILA)时的情形如出一辙。</p><p style=\"text-align: justify;\">安踏意图通过其擅长的DTC(直面消费者)渠道改革和强大的供应链能力,复刻斐乐及始祖鸟的增长神话,并借力彪马在欧美市场的成熟份额加速集团全球化进程。</p><p style=\"text-align: justify;\">然而,当下的安踏亦非高枕无忧,随着主品牌增长放缓及斐乐增速回落,安踏市值自2025年8月以来已蒸发超600亿港元。</p><p style=\"text-align: justify;\">虽然旗下迪桑特营收突破百亿带来新亮点,但在资本市场趋于理性的背景下,安踏在面对彪马这一体量庞大且积重难返的标的时,比以往更加审慎。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>安踏体育:以15亿欧元收购PUMA SE 29.06%的股权</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n安踏体育:以15亿欧元收购PUMA SE 29.06%的股权\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-01-27 07:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p>彪马最新股价徘徊在21欧元左右,彪马第一大股东的法国皮诺家族此前坚持每股不低于40欧元的报价。财报数据显示,彪马2025年前三季度累计亏损达3.09亿欧元,净利润连续三个季度告负,股价年内一度暴跌近65%</p></blockquote><p style=\"text-align: justify;\">1月27日,安踏体育在港交所公告称,收购PUMA SE的29.06%股权,对价为每股普通股35欧元,合共1,505,516,600欧元(不含税)(相当于约人民币12,277,638,425元)。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa69845967600c1a6a9c5898990d7215\" tg-width=\"601\" tg-height=\"608\"/></p><p style=\"text-align: justify;\">据悉,作为彪马第一大股东的法国皮诺家族(开云集团创始家族),此前坚持每股不低于40欧元的心理价位,彪马在收购传闻刺激下股价暴涨43%,股价仍徘徊在21欧元左右。</p><h2 id=\"id_1110176107\">彪马深陷业绩泥沼</h2><p style=\"text-align: justify;\">作为曾经稳坐全球第三把交椅的运动品牌,彪马正经历着至暗时刻。财报数据显示,公司2025年前三季度累计亏损达3.09亿欧元,净利润连续三个季度告负,股价年内一度暴跌近65%。在中国这一关键增长引擎上,彪马的表现更是乏善可陈,2024年大中华区销售额仅为6.04亿欧元,市场份额不足7%,与耐克、阿迪达斯等竞争对手差距悬殊。</p><p style=\"text-align: justify;\">战略失焦被认为是彪马掉队的主因:一方面在篮球、赛车与时尚运动之间摇摆,导致原有足球与田径优势被蚕食;另一方面,过度依赖蕾哈娜等明星联名的“爆款策略”边际效应递减,难以掩盖产品功能性不足和渠道分销质量低下的结构性顽疾。如今,其全球第三的地位已被营收破千亿的安踏集团及凭借单品突围的Lululemon相继超越。</p><h2 id=\"id_3989468666\">复制FILA传奇还是接盘烫手山芋?</h2><p style=\"text-align: justify;\">对于拥有“并购狂魔”之称的安踏而言,彪马当前的困境——高库存、批发渠道不畅、品牌势能下降,与其十多年前接手斐乐(FILA)时的情形如出一辙。</p><p style=\"text-align: justify;\">安踏意图通过其擅长的DTC(直面消费者)渠道改革和强大的供应链能力,复刻斐乐及始祖鸟的增长神话,并借力彪马在欧美市场的成熟份额加速集团全球化进程。</p><p style=\"text-align: justify;\">然而,当下的安踏亦非高枕无忧,随着主品牌增长放缓及斐乐增速回落,安踏市值自2025年8月以来已蒸发超600亿港元。</p><p style=\"text-align: justify;\">虽然旗下迪桑特营收突破百亿带来新亮点,但在资本市场趋于理性的背景下,安踏在面对彪马这一体量庞大且积重难返的标的时,比以往更加审慎。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6ca72a07e9acd15433787f2ab9a555c6","relate_stocks":{"02020":"安踏体育"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113539844","content_text":"彪马最新股价徘徊在21欧元左右,彪马第一大股东的法国皮诺家族此前坚持每股不低于40欧元的报价。财报数据显示,彪马2025年前三季度累计亏损达3.09亿欧元,净利润连续三个季度告负,股价年内一度暴跌近65%1月27日,安踏体育在港交所公告称,收购PUMA SE的29.06%股权,对价为每股普通股35欧元,合共1,505,516,600欧元(不含税)(相当于约人民币12,277,638,425元)。据悉,作为彪马第一大股东的法国皮诺家族(开云集团创始家族),此前坚持每股不低于40欧元的心理价位,彪马在收购传闻刺激下股价暴涨43%,股价仍徘徊在21欧元左右。彪马深陷业绩泥沼作为曾经稳坐全球第三把交椅的运动品牌,彪马正经历着至暗时刻。财报数据显示,公司2025年前三季度累计亏损达3.09亿欧元,净利润连续三个季度告负,股价年内一度暴跌近65%。在中国这一关键增长引擎上,彪马的表现更是乏善可陈,2024年大中华区销售额仅为6.04亿欧元,市场份额不足7%,与耐克、阿迪达斯等竞争对手差距悬殊。战略失焦被认为是彪马掉队的主因:一方面在篮球、赛车与时尚运动之间摇摆,导致原有足球与田径优势被蚕食;另一方面,过度依赖蕾哈娜等明星联名的“爆款策略”边际效应递减,难以掩盖产品功能性不足和渠道分销质量低下的结构性顽疾。如今,其全球第三的地位已被营收破千亿的安踏集团及凭借单品突围的Lululemon相继超越。复制FILA传奇还是接盘烫手山芋?对于拥有“并购狂魔”之称的安踏而言,彪马当前的困境——高库存、批发渠道不畅、品牌势能下降,与其十多年前接手斐乐(FILA)时的情形如出一辙。安踏意图通过其擅长的DTC(直面消费者)渠道改革和强大的供应链能力,复刻斐乐及始祖鸟的增长神话,并借力彪马在欧美市场的成熟份额加速集团全球化进程。然而,当下的安踏亦非高枕无忧,随着主品牌增长放缓及斐乐增速回落,安踏市值自2025年8月以来已蒸发超600亿港元。虽然旗下迪桑特营收突破百亿带来新亮点,但在资本市场趋于理性的背景下,安踏在面对彪马这一体量庞大且积重难返的标的时,比以往更加审慎。","news_type":1,"symbols_score_info":{"02020":2}},"isVote":1,"tweetType":1,"viewCount":454,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"optionInvolvedFlag":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[{"id":526019047211160,"commentId":"526019047211160","gmtCreate":1769474842296,"gmtModify":1769474847316,"authorId":3525755822949350,"author":{"id":3525755822949350,"idStr":"3525755822949350","authorId":3525755822949350,"name":"WayneT","avatar":"https://static.tigerbbs.com/24cd05dfc5e2e1b8339a48a39bbf770f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":526345954488600,"objectIdStr":"526345954488600","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"不一定吧?始祖鸟经营的挺好的,倒是觉得中国的消费者是冤大头…………","text":"不一定吧?始祖鸟经营的挺好的,倒是觉得中国的消费者是冤大头…………","html":"不一定吧?始祖鸟经营的挺好的,倒是觉得中国的消费者是冤大头…………","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":526128263258744,"commentId":"526128263258744","gmtCreate":1769474160760,"gmtModify":1769474165097,"authorId":4089512751621320,"author":{"id":4089512751621320,"idStr":"4089512751621320","authorId":4089512751621320,"name":"审计张同学","avatar":"https://static.tigerbbs.com/0d3576b5f4a52444055eceb3effa0c67","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":526345954488600,"objectIdStr":"526345954488600","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"炸山鸟","text":"炸山鸟","html":"炸山鸟","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0,"disclaimerType":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/526345954488600"}
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