ELIO KAYAKS: Pioneering Affordable High-Performance Kayaking Since 1979
Established in 1979 by visionary founder Elio Nogueira, ELIO KAYAKS stands at the forefront of high-
moreAmer Sports Boosts European Manufacturing with New Ski and Binding Factories in Central Europe
Amer Sports Accelerates European Manufacturing Expansion to Support Brand Growth and Meet Consumer D
moreFIDLOCK Innovates with Magnetic Attachments: Expanding Distribution Across Central Europe
FIDLOCK's innovative solutions have revolutionized the way accessories are attached in various appli
moreNew Era Targets Central European Expansion with Key Distributors Across the Region
New Era, a prominent headwear manufacturer known for its caps, beanies, and bucket hats, is settin
moreAirsoftZone Named Official Distributor of G&G Armament in Poland
G&G Armament has officially designated AirsoftZone as its new distributor in Poland. This upda
more
"Business
Partner search for the Sports industry in Central Europe"
You are here » Home Page
» CE Sports Business News
» Signa makes move for Internetstores in Germany
Signa makes move for Internetstores in Germany
2016-11-15 source ownOver the years, we have seen intense competition between the different companies in the bicycle market and this has now spilled over into an acquisition as Signa Retail announces that they will be taking over Internetstores Holding GmbH. Currently, Signa Retail is worth an estimated €3 billion in Germany whilst Internetstores is also growing in reputation for selling products under a number of different brands including Brugelmann, Internetstores, Addnature, and Bikster.
Marius Kohler, founder of Internetstores, will be releasing his share of the company as will the main investor of EQT Expansion Capital II. Although nobody has seen exact financial details just yet, the transaction has yet to gain approval from the appropriate authorities.
If the transaction were to process without any problems, this would add Internetstores to the list that already contains Karstadt Wrenhaus GmbH, KaDeWe Group, Karstadt Sports, Dress-for-less, Outfitter, and EATALY for Signa Retail. According to the company website “All six businesses are run by a team of seasoned department store and retail experts. These six companies have a total of over 20,000 staff at more than 100 locations, and combined annual revenue of around €3 billion, making Signa Retail one of Germany’s largest retailers.”