German investment group acquires Scholl footwear
23/07/2014
Scholl’s comfort sandals, widely used by healthcare professionals and (in some cases) certified as medical products in their own right, were invented by Chicago podiatrist William Scholl in 1906. It was once a Fortune 500 brand.
In the 1980s, a UK-based group bought the non-North American business and renamed itself Scholl plc. This eventually became part of SSL International, which Reckitt Benckiser acquired at the end of 2010.
On announcing the deal, Aurelius chief executive, Dirk Markus, said: “This is exactly the sort of business that Aurelius hopes to acquire. We seek to partner with and invest in businesses with significant growth potential, and in Scholl Footwear we see this in abundance. We are delighted to be investing in Scholl Footwear and look forward to working with the business to support its future growth.”
Aurelius has confirmed to sportstextiles that the North and South American parts of the Scholl footwear business are not part of this deal.
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