2024-03-13 19:14:09
After its bankruptcy, the SportScheck Group is about to be sold to Italy’s largest sports retailer. It still needs the green light from the antitrust authorities.
Italy’s largest sports retailer Cisalfa becomes the new owner of the insolvent Munich-based SportScheck Group. Insolvency administrator Axel Bierbach announced this on Wednesday. Cisalfa will take over the business operations as a whole, continue to run the SportScheck brand and retain the Munich location as headquarters. The takeover is still subject to approval by the antitrust authorities and is expected to be completed by June.
SportScheck operates 34 branches in Germany, was part of the Signa Holding and had to file for bankruptcy in November. The family business Cisalfa operates more than 150 stores in Italy and, with its subsidiary Sport Voswinkel, 50 stores in Germany.
Bierbach said: “Cisalfa Sport convinced us in the bidding process with the best overall concept.” Employees, suppliers and landlords have shown that they are prepared to make the necessary restructuring contributions. Information about the jobs, the branch network and other details of the agreement were not given. The takeover will be carried out through restructuring using an insolvency plan, which will be voted on by a meeting of creditors at the Munich District Court at the end of April.