Investment company Mayfair has admitted that the acquisition of a majority stake in sports products company Puma AG is possible following the announcement that it had upped its stake in the manufacturer to 25.27 per cent from 16.91 per cent, Dow Jones reported.

Mayfair, which bought its initial stake in Puma in May, previously stated that it did not plan on buying a majority stake in it.

However, Mayfair - which manages the assets of Guenter and Daniela Herz - added that it doesn't plan to make such an acquisition in the short term.