Anta Sports has agreed to buy a 29.6% stake in Germany’s Puma from Artémis, the Pinault family holding company, for more than US$1.79 billion—an investment that would make Anta one of Puma’s largest shareholders.

German sportswear maker Puma said Tuesday it set a new quarterly record for sales between January and March, springing over the 1.0-billion-euro barrier and upping its forecasts for the year.