As of: March 13, 2024, 6:01 p.m
By: Bona Hyun
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The SportScheck branch in downtown Munich is probably about to close.
© Lino Mirgeler/dpa
The Munich-based SportScheck Group had to file for bankruptcy in November.
Now there is apparently good news: there is a new owner.
Munich – Italy's largest sports retailer Cisalfa will become the new owner of the insolvent Munich-based SportScheck Group.
This was announced by insolvency administrator Axel Bierbach on Wednesday (March 13).
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.
New owner for SportScheck: Cisalfa takes over insolvent group from Munich
SportScheck operates 34 branches in Germany and was part of the Signa Holding.
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 by means of a restructuring plan using an insolvency plan, which will be voted on by a meeting of creditors at the Munich District Court at the end of April.
SportScheck filed for bankruptcy in 2023
The sporting goods retailer SportScheck, which belongs to Signa Holding, filed for insolvency at the end of 2023.
The takeover of SportScheck by the British fashion retailer Frasers Group, which was announced in the fall, “will not be completed for now;
However, Frasers remains committed to its takeover plans,” the company said at the time.
Other potential investors have expressed interest in taking over SportScheck and the process is now open again.
“This makes SportScheck confident that it will find a new, strong partner who will ensure long-term stability for the company.” According to the company, all branches, customer service and the online shop will continue to operate as normal.
Managing director Matthias Rucker said that the bankruptcy was bitter, but also an opportunity to sustainably strengthen the company with its contractual partners and creditors.
The restructuring and investor process should be completed by March at the latest.